State with reasons whether you agree or disagree with the statements:

1.	State with reasons whether you agree or disagree with the statements:There are many good qualities found in modern currency.
Answer» Yes, I agree with the statement. There are many good qualities found in a modern currency like: General Acceptability: It must be generally accepted as a medium of exchange. Stability: The purchasing power of money should be stable because money serves as a store of value. Cognizability: It must be easily recognizable or identifiable. For E.g Notes of different denominations must be of different sizes, colours, etc. so that they can be easily identified. Durability: Money should be durable also i.e. its value should not fluctuate too much. Divisibility: Money should be divisible into units of smaller denominations. Portability: It should be easy to handle and carry from one place to another. Homogeneity: Money of the same denomination should be identical in shape, size, colour, etc.

State with reasons whether you agree or disagree with the statements:There are many good qualities found in modern currency.

Answer»

Yes, I agree with the statement. There are many good qualities found in a modern currency like:

General Acceptability: It must be generally accepted as a medium of exchange.
Stability: The purchasing power of money should be stable because money serves as a store of value.
Cognizability: It must be easily recognizable or identifiable. For E.g Notes of different denominations must be of different sizes, colours, etc. so that they can be easily identified.
Durability: Money should be durable also i.e. its value should not fluctuate too much.
Divisibility: Money should be divisible into units of smaller denominations.
Portability: It should be easy to handle and carry from one place to another.
Homogeneity: Money of the same denomination should be identical in shape, size, colour, etc.