1. Durability - Money must be able to withstand being used repeatedly without deteriorating.
2. Portability - Money must be easy to carry and transport.
3. Divisibility - Money must be easily divisible into smaller units for making change.
4. Uniformity - All units of money must be the same, regardless of where they were produced.
5. Limited supply - There must be a finite amount of money in circulation to maintain its value.
6. Acceptability - Money must be widely accepted as a medium of exchange for goods and services.
SS8B U5L5 Productivity and growth quiz
Match the six characteristics of money with their descriptions
1 answer
1 answer