What properties should money have?

Despite all the variety of forms and functions of money, they constitute a single tool through which economic relations in society are realized. However, in order for money to be used as a full-fledged economic instrument, it must meet a number of requirements, depending on the level of development of socio-economic relations in society. The higher the level of relations, the more stringent the conditions, which in turn leads to the evolution of a financial instrument. And in order to satisfy the ever-changing requirements of society, money must possess a number of specific properties, such as durability, divisibility, limited quantity and others. In today's post, we would like to present an infographic, which presents statements that determine the nature of money, as well as their properties and some other information.Wirex , a multifunctional service that provides instant money transfers worldwide without bank intermediation.




Based on materials from The Money Project . That's all. There are many more interesting articles ahead. In the meantime, we offer you to evaluate the benefits of our online banking and multicurrency debit card.