ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Durability
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Limited Supply
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Portability
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Uniformity
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Detailed explanation-1: -The uniformity is one of the principle which refers to the two units with the similar types of money that should be same with the same amount in the given data and system. Therefore, Uniformity is the correct answer.
Detailed explanation-2: -Any two units of money must be uniform, that is, the same, in terms of what they will buy. Money must be available only in limited quantities. Everyone must be able to exchange the money for goods and services. Commodity money consists of objects that have value in themselves.
Detailed explanation-3: -For money to be a suitable means of exchange, it should be scarce, durable, portable, and divisible. Money functions as a medium of exchange, a standard of value, and a store of value.