ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Portability is a key characteristic of money describing that money can be easily carried around.

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: -Portability is the property of money that necessitates it to be easy to move around. A product must be affordably transportable from one location to another. Money is good if it can be transported or transferred easily from one location to another.

Detailed explanation-4: -Portability means that you have control over your supports and the money used to pay for the services you receive. That money is “portable.” You can use your funds to purchase services from any qualified provider you choose, or you may use those funds to hire your own staff.

Detailed explanation-5: -Portability. While the cow is difficult to transport to the store, the currency can be easily put in my pocket. Divisibility.