ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
divisible
|
|
|
portable
|
|
|
acceptable
|
|
|
uniform
|
Detailed explanation-1: -People need to be able to take money with them as they go about their business. Divisibility. To be useful, money must be easily divided into smaller denominations, or units of value. Uniformity. Any two units of money must be uniform, that is, the same, in terms of what they will buy.
Detailed explanation-2: -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-3: -Types of Money. Although money can take an extraordinary variety of forms, there are really only two types of money: money that has intrinsic value and money that does not have intrinsic value. Commodity money is money that has value apart from its use as money.
Detailed explanation-4: -Malleability: The money material should be capable of being melted, beaten and given convenient shapes. It should be neither too hard nor too soft. If the former, it cannot be easily coined; If the latter, it would not last long.