What properties should money have?

Despite the diversity of forms and functions of money, they constitute a single instrument through which economic relations are realized in society. However, in order for money to be used as a full-fledged economic tool, it must meet a variety of requirements, depending on the level of development of socio-economic relations in society. The higher the level of relationships, the more stringent the conditions, which in turn leads to the evolution of a financial instrument. And in order to meet the ever-changing demands of society, money must have a number of specific properties, such as durability, divisibility, quantity limitations, and others. In our today's post, we would like to present an infographic in which the statements defining the nature of money, as well as their properties and some other information are presented. The Russian translation has been prepared by the Wirex team, a multifunctional service that provides instant money transfers worldwide without banking intermediation.




According to The Money Project . That's all. There are still many interesting articles ahead. In the meantime, we offer to evaluate the advantages of our online banking and multi-currency debit card.