Which of these is NOT an essential characteristic of money?
A) Money is easily standardized.
B) Money must have historic value.
C) Money must be durable.
D) Money must be portable.

Question

Quizplus · Accepted Answer

Money does not need to have historic value in order to function as a means of exchange or store of value. While some forms of money, such as gold or silver coins, may have historic value, this is not an essential characteristic of money. The essential characteristics of money are that it is easily standardized, durable, portable, divisible, and fungible.

Which of These Is NOT an Essential Characteristic of Money