Qualities (characteristics/features)   of money

1. Relative scarcity. Money must be relatively   scarce.    This is because,   if it is in plenty   it loses value and fails to perform the useful role of exchange.
2. Acceptability. Money must be generally acceptable by the public for the discharge   of debts and other purposes for which money is needed. The general acceptability   is based on the confidence of the population and the concept of legal tender.
3. Durability. Money should be able to last longer and it should not be easily damaged or destroyed during the process of exchange.
4. Homogeneity (Uniformity). The identical   coins  and  bank  notes  must  look  the  same  and  must have  the  same  purchasing   power   i.e.  a 5,000/=  note  should  be  similar  to  all  the  other   5,000/= notes  used in the country.
5. Portability (Convenience). Money should neither be too heavy nor too bulky to carry.   It must not be heavy relative to its value.
6. Divisibility. Money should  be easy  to divide  into  smaller  denominations    without   losing  value  in order  to make  it possible   for smaller  transactions.
7. Stability in value. Money should have a stable value over a long period of time.
8. Hard to forge. Money should be difficult to forge or copy by other individuals. This reduces its supply and the loss of value,
9. Identifiable. Money should be easy to recognize and distinguish   from fake or forged money.

10. Economy.    Money   should be convenient   and cheap for the government   to print.    The printing costs should not exceed the value of money printed.