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by cdchn
683 days ago
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From Wikipedia via the IMF money is: Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability).
Durable: able to withstand repeated use.
Divisible: divisible to small units.
Portable: easily carried and transported.
Acceptable: most people must accept the money as payment
Scarce: its supply in circulation must be limited.[27] |
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