A cashier gives one person a $5 bill and 15 $1 bills in exchange for a $20 bill. He gives a second person a $10 bill, a $5 bill, and five $1 bills in exchange for a $20 bill. Which characteristic of money does this illustrate?

a) Durability
b) Portability
c) Divisibility
d) Uniformity

8 answers

And your answer?
This second characteristic means money can be divided into small increments that can be used in exchange for goods of varying values. For an item to function as THE medium of exchange, which can be used to purchase a wide range of different goods with a wide range of different values, then it must be divisible.
So the answer is C
C.
divisibility.
B.
Inflation relates to rising rather than falling prices.
D.
a special type of price.
D.
higher interest rates for that type of car.
A.
salary.
C.
Abigail will be given a raise, but Lawrence will not.
A.
develop and market a new product.
B.
being his own boss.
B.
hire more Game Guides.
B.
Workers became more productive on average.

- W. G.
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