Why do you think it is important that one of the characteristics of mo

QUESTION

Why do you think it is important that one of the characteristics of money is portability?

What will be an ideal response?

ANSWER

Answer: The portability of money is important for its practicality. In other words, because it is portable, it can easily be carried around and used on the spot. In some older cultures, money was represented by large stone wheels, which were neither portable nor practical.
Explanation: It is important for money to be portable so that it can also be practical. Having money on hand to make purchases without extra planning or effort is very convenient. This convenience greatly increases the number and frequency of financial transactions.