ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Uniformity in currency means that each individual unit holds the same value. A $10 bill is uniform because it is virtually identical to any other $10 bill while a chicken may have a variety of possible values compared to another chicken and is, therefore, less uniform as a currency.

Detailed explanation-2: -Uniformity. Every bill and coin of the same value needs to look the same. Money must be uniform in that one $20.00 bill and another $20.00 bill must be able to buy the same thing. •

Detailed explanation-3: -Uniformity. Cows come in many sizes and shapes and each has a different value; cows are not a very uniform form of money. Twenty-dollar bills are all the same size and shape and value; they are very uniform.

Detailed explanation-4: -4. Homogeneity: All portions or specimens of the substance used as money should be homogeneous, that is, of the same quality, so that equal weights have exactly the same value. In order that a commodity may be used as a measure of value, it is essential that its units are similar in all respects.