What are the four characteristics of money?
Possible Answer: For an object to serve as money, it must be portable,
divisible, durable, and stable. U.S. currency, particularly paper money, is
portable, allowing someone to carry hundreds or even thousands of dollars. It
is divisible, with coins and paper currency in a variety of denominations.
Coins are durable due to their composition of precious metals and paper
currency is durable because it is replaced by the banking system before it
wears out. Finally, it is stable in value, with limited inflation.
Source: Business
Essentials, 8e (Ebert/Griffin) – Global Edition
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