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Money
What makes good money?
Good money must pass 6 tests: Can you split it? Can you carry it? Does it last? Is it rare? Can you tell it is real? Is each piece the same? Gold passes most of these tests. That is why people used gold for thousands of years!
What you will learn
- ● Divisible
- ● Portable
- ● Durable
- ● Scarce
- ● Recognisable
- ● Fungible
Teach a Friend
The best way to know you understand something is to explain it.
Your friend asks: "What makes something good as money?" Explain the key properties.
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