ECONOMICS
SAVING AND INVESTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
abundance, and solubility.
|
|
|
scarcity, and durability.
|
|
|
inflexibility, and inconsistency.
|
|
|
fragility, and profusion
|
Detailed explanation-1: -The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
Detailed explanation-2: -the medium of exchange that must be accepted as money for purchases and as payment for debts. The six main characteristics of money are acceptability, portability, divisibility, uniformity, scarcity, and durability.
Detailed explanation-3: -What are the six characteristics of money? durability, portability, divisibility, uniformity, limited supply, and acceptability.
Detailed explanation-4: -So money serves all of these functions-it is a medium of exchange, store of value, unit of account, and standard of deferred payment.
Detailed explanation-5: -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.