0 votes
in Revision by

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

1 Answer

0 votes
by (47.6k points)

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

Related questions

Register, ask, and answer questions to earn more points and privileges. Some features are disabled for users with few points.
Welcome to Kenyayote Q&A, the largest community site in Kenya where you can ask any question and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.

If you are ready to ask, provide a title about your question and a detailed description of your problem.

Register to join Kenyayote Ask Community.
...