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What is the characteristics of currency as a medium of exchange in Kenya?

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Characteristics of currency as a medium of exchange in Kenya are;

  • It should be divisible to enable easy use in small units
  • It should be acceptable in the society
  • It should remain stable to give a stable value over years
  • It should be durable to retain quality
  • It should be homogeneous i.e uniform
  • Should be portable i.e easy to carry around
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