Which of the following is NOT a characteristic of money?

Correct option is B

The correct answer is (b) Perishability.
 Perishability is NOT a characteristic of money.
 Money needs to be durable, portable, divisible, and have intrinsic value to function effectively as a medium of exchange and store of value.
 Perishability refers to the tendency of an item to decay or spoil over time, which is not applicable to money as it needs to maintain its value over time.
 Money should have a limited supply to maintain its value as a medium of exchange and store of value.
 Central banks and monetary authorities regulate the supply of money to control inflation and ensure price stability.