Characteristics
Currency is an important factor in countries because it is the basis on which people go from one point in their life's to another. With that being said money has to have some very distinct characteristics that make it unique as to not hurt the already frail economic structure. Several categories make up the the uniqueness which is currency which are as stated: 1. Durable, 2. Portable, 3. Divisible, 4. Scarce, 5. Uniform, and 6. Acceptable.
Durable:
it must be able to withstand all the conditions that are intertwined with the position. Scarce:
it must not be too widely found. It must be something that can be produced in specific ways that no one else should be able to duplicate. |
Portable:
it must be able to be easily transported for easy access. Uniform:
it must keep a nice, clean, look throughout all copies made of its kind. It must maintain a certain (same) look to be acceptable. |
Divisible:
it must be able to 'break even' so that people get the right amount. Acceptable:
it has to be accepted as a legal currency. (note: this can be U.S. dollars or cows, as long as it is okay with whomever is receiving it as a trade. |