 It is generally acceptable worldwide.

 It is durable(will last some time).

 It is portable( can be carried out easily).
Characteristics  It is divisible( Can be divided into units of different values).
Of  It is homogeneous ( every note or coin of the same value
Money should be exactly the same) .
 It is recognisable( people can easily see that the item is money).
  Banking is a major industry in a number of countries. It helps
people to borrow and lend and carry out a range of other

Banking financial activities.

 It enables more efficient use of resources and encourages the
growth of output of economies.