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31 July, 05:10

What are the six characteristics of money? explain how the u. s. dollar has those six characteristics?

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  1. 31 July, 07:22
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    1. durability - objects used as money must withstand physical and tear

    2. portability - people need to be able to take money with them as they go about their business

    3. divisibility-to be useful, money must be easily divided into into smaller denominations, or units of value

    4. uniformity - any two units of money must be uniform or the same in the terms of what they will buy.

    5. limited supply - money must be available only in limited quantities

    6. acceptability - Everyone must be able to exchange the money for goods and services
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