What are the characteristics of money in the economy?

In economics, money is characterized by longevity, mobility, divisibility, uniformity, limited supply, and acceptability. Throughout history, there have been many forms of money, and some of them were better than others, for example, gold was once used as currency, but it is not always possible to carry gold bricks with you. Today’s money is sometimes called symbolic money, our bills and coins are signs or representations of their value in precious metals. Our society and many others use token money because it is portable, meaning you can bring it to many places and carry a large amount of money without any problem. Our money is also durable, which means it can stand up to carry and exchange many times. Money is split, which means that we can get change for our money if we don’t have an exact amount that something is worth. Our money is also homogeneous, everyone who has a five-dollar bill or other currency designation will have exactly the same idea as anyone else with the same currency designation, and this money is accepted everywhere in our country. In addition, money has a limited supply, which gives it value, if money were constantly printed, it would have no value.

Remember: The process of learning a person lasts a lifetime. The value of the same knowledge for different people may be different, it is determined by their individual characteristics and needs. Therefore, knowledge is always needed at any age and position.