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What are the six terms of money and their explanation?

What are the six terms of money and their explanation?

What are the six terms of money and their explanation?

Six terms of money and explanation as follows

  1. The amount meets the need or elasticity of the supply
  2. Have a stable or fixed value (stability of value)
  3. It can be divided and does not reduce its value or divisibility
  4. Long lasting and not easily damaged or durability
  5. Easy to store and transfer or portability
  6. Liked or accepted by the public (acceptability) means that the money is generally accepted by its users, whereas when the public can receive the money in a country because people believe that the money is legal and can be used as a medium of exchange or means of payment.

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