ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
green and gold
|
|
|
portable and durable
|
|
|
old and new
|
|
|
residue from filthy places
|
Detailed explanation-1: -Answer: The qualities of good money are: General acceptability. Portability.
Detailed explanation-2: -Portability: Money must be easily moved around. Large or bulky items, such as boulders or heavy gold bars, cannot be transported easily from place to place. Divisibility: Money must be capable of being divided into smaller parts. Divisible forms of money help make transactions of all sizes and amounts possible.
Detailed explanation-3: -What are the two characteristics that dollars must have to be accepted as money in our society? Money must be scarce, divisible, portable and durable. Why must money be portable? Money can be used over and over again, and is easy to replace.
Detailed explanation-4: -Durability. Durability of money is such that it can be used over and over again; hence it must survive wear and tear for long periods. In business you cannot always rely on paper money coming in so branch out and allow for online transactions.
Detailed explanation-5: -Durability. Portability. Divisibility. Uniformity and Fungibility. Limited supply. Acceptability.