ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The fact that your currency fits easily into your pocket, wallet or purse is an example of which characteristic of money?

A	Durability
B	Portability
C	Divisibility
D	Scarcity
E	Acceptability

Explanation:

Detailed explanation-1: -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-2: -Portability means that individuals are able to carry money (for example, currency and coins) with them in their pockets or wallets and transfer it easily to other individuals.

Detailed explanation-3: -The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.

Detailed explanation-4: -Good Money has many characteristics like Stability, homogeneity, profitability, divisibility, durability, etc. The supply of Money is not included in the characteristics of Money.

There is 1 question to complete.