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8 February, 08:26

Where do the different types of money derive their value?

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  1. 8 February, 09:27
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    These are several things that create value for the money:

    - Durability

    It should be made with materials that could sustain themselves for a long period of time.

    - Identifiability

    Money should be easily recognized by the people who use it

    - Portable

    Money should be in a size and shape that are easy to be carried around by people.

    - Usefulness

    Money should have trading powers that people could use to obtain another goods or services.
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