ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money must be available but only in limited supply
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theres only real money
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There’s only one bill
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It is green
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Detailed explanation-1: -There have been many forms of money in history, but some forms have worked better than others because they have characteristics that make them more useful. The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
Detailed explanation-2: -In order for money to function well as a medium of ex-change, store of value, or unit of account, it must possess six characteristics: divisible, portable, acceptable, scarce, durable, and stable in value.
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: -Durability. Portability. Divisibility. Uniformity and Fungibility. Limited supply. Acceptability.