ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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durability
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portability
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uniformity
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unlimited supply
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Detailed explanation-1: -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-2: -Answer and Explanation: The correct answer is Option C) The supply of Money remains fixed. Good Money has many characteristics like Stability, homogeneity, profitability, divisibility, durability, etc. The supply of Money is not included in the characteristics of Money.
Detailed explanation-3: -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-4: -Answer and Explanation: The correct answer is b. Price mechanism. The price mechanism is not a function of money.