State the features of money.

Explanation

Features are:
(i) Acceptability. Money is commonly/generally accepted measure of value as it is a mdeium of exchange
(ii) Measure/unit of value. Money makes the evaluation of goods and services possible in terms of price of the commodities .As a unit of value it has made accounting posible Liquidity. Money is the ost liquid asset, i.e it can be easily converted into cash which makes the sale and purchase easy and convenient Reduces trading cost. Unlike barter system, money reduces search cost and disutility of waiting . So withmoney ,complex economic transactions have smoothened and modernisation could happen.