State with reason, whether you agree or disagree with the following statement

Question

There are many good qualities found in modern currency.

Accepted Answer

Yes, I agree with the statement.
There are many good qualities found in a modern currency like:

General Acceptability: It must be generally accepted as a medium of exchange.
Stability: The purchasing power of money should be stable because money serves as a store of value.
Cognizability: It must be easily recognizable or identifiable. For E.g. Notes of different denominations must be of different sizes, colours, etc. so that they can be easily identified.
Durability: Money should be durable also i.e. its value should not fluctuate too much.
Divisibility: Money should be divisible into units of smaller denominations.
Portability: It should be easy to handle and carry from one place to another.
Homogeneity: Money of the same denomination should be identical in shape, size, colour, etc.

Answer