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This session drives into understanding money: 

The Monetary attributes of Money: (Lynn Alden)

Divisible means the money can be sub-divided into various sizes to take into account different sizes of purchases.
Portable means the money is easy to move across distances, which means it has to pack a lot of value into a small weight.
Durable means the money is easy to save across time; it does not rot or rust or break easily.
Fungible means that individual units of the money don’t differ significantly from each other, which allows for fast transactions.
Verifiable means that the seller of the goods or services for the money can check that the money is what it really appears to be.
Scarce means that the money supply does not change quickly, since a rapid change in supply would devalue existing units.


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Episode sponsored by: www.featureweddings.co.nz

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