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Describe five features of good money

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  1. Acceptability: must be acceptable to everyone for it to be used as a medium of exchange
  2. Divisibility: Should be divisible into smaller units without loss of value
  3. Scarcity: Should be relatively limited in supply so as to maintain value
  4. Cognoscibility: Should be easy to recognize fake money
  5. Malleability: Easy to print but difficult to forge
  6. Homogeneity: Money of the same denomination should be uniform in quality and identical
  7. Stability in value: Should be able to last for a long time without changing in value so that it maintains credibility and acceptability. If it fluctuates in value, people prefer holding wealth in form of goods
  8. Portability: Should be easy and convenient to carry around
  9. Durability: Should be able to last for a long time without getting torn, defaced or losing shape and texture.
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Portability
Stability in value
Acceptability
Durability
Scarcity 
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