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Money is anything that is generally acceptable as a medium of exchange and at the same time acts as a measure, store and transfer of value.
Money is the legal tender and everyone is bound to accept it as a means of payment.
Properties of Good Money are :-
HOMOGENEITY
Every note of a certain value is homogeneous to one another in the sense that nobody can distinguish it, say a ₹10 note then all the ₹10 notes are homogeneous to each other.
This property of money is the most essential because if there isn't homogeneity in the currency notes then people won't be able to understand which notes to accept as a means of payment and which to not.
Therefore, good money has a property of homogeneity in its currency notes.
GENERAL ACCEPTABILITY
Money holds the power of general acceptability. People accept money because they know it that it will be accepted somewhere else as their means of payment.
Money holds the universal general acceptable power.
Due to this feature of money, it is widely used as a means of payment and this has removed the problem of "Double coincidence of wants" of barter exchange system.
STABILITY IN VALUE
Any money is said to be good if it's value in stable.
Now say if value of money keeps on changing, people would loose faith in that money and would also not be generally used as a means of payment by them, this would make money loose its confidence in people.
Therefore, in order to maintain the faith of people in money, money has to be stable in nature and good money holds this feature of stability in value.
DURABLE
In order to use money as a Standard of Deffered Payments, it has to hold this feature of durability otherwise payments can't be made in future.
Money or say good money is durable in nature in the sense that it won't become stale with time because it isn't a perishable good, it can rather be stored easily and that too for a longer period of time.
Therefore, good money holds the feature of "Durability".