BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a characteristic of money?
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Durability
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Invisibility
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Portability
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Divisibility
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Explanation:
Detailed explanation-1: -The supply of Money is not included in the characteristics of Money.
Detailed explanation-2: -in fact, a variety of items have been used as money over the centuries. The items that worked the best tended to have four basic characteristics: portability, divisibility, durability, and acceptability.
Detailed explanation-3: -To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange.
Detailed explanation-4: -Therefore, power indicator is not a function of money.
Detailed explanation-5: -Which of the following is NOT a characteristic of money? It is able to be stretched.
There is 1 question to complete.