Yes, I agree with this
statement.
Reason.
Good money has the
following features.
(i) General
acceptability: Good money is easily accepted by all in exchange without any hesitation.
(ii) Divisibility: Good
money is holding the quality of divisibility. Since it is divisible into different
denominations. For example, 1 rupee, 10 rupees, etc.
(iii) Durability: Good
money last for a longer period of time. For example, metallic coins are more
durable than paper currency.
Good money also have the
following peculiarities,
Portability, homogeneity, Stability of value etc.
Portability, homogeneity, Stability of value etc.
