Ask Question
BusinessBusiness
31 July, 05:10

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

+1
Answers (1)
  1. 31 July, 07:22
    0
    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
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What are the six characteristics of money? explain how the u. s. dollar has those six characteristics? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
For a closed economy, GDP is $12 trillion, consumption is $7 trillion, taxes net of transfers are $3 trillion and the government runs a deficit of $1 trillion. What are private saving and national saving? a.
Answers (1)
PA13. LO 5.5Selected information from Skylar Studios shows the following: Prepare journal entries to record the following: raw material purchased direct labor incurred depreciation expense (hint: this is part of manufacturing overhead) raw materials
Answers (1)
The Town of Little River expects to collect $90,000 in sales tax from the state government within 30 days of the end of fiscal year 2020 for retail sales taking place in fiscal year 2020. What entry, would Little River make at the end of 2020
Answers (1)
Reaction rates do not tell you how fast a. reactants are being consumed. b. products are being formed. c. substances are changing state. d. energy is being absorbed or released.
Answers (1)
It is important to accommodate diverse cultural needs to set your program apart. True False Submit
Answers (1)
New Questions in Business
Assume the top six firms comprising an industry have market shares of 10, 8, 8, 5, 5, and 4 percent. The remaining 20 firms each have market shares of 2 percent. The Herfindahl index for this industry is
Answers (1)
Andre, the floor manager of a packing plant, is under pressure from his boss to increase productivity. He circulates a memo telling all of his workers that they need to increase the number of units packed each hour.
Answers (1)
What are the two main purposes that companies use social media?
Answers (1)
Which account will give you least access to your money?
Answers (1)
You decide to start a business selling covers for smart phones in a mall kiosk. to buy inventory, you need to borrow some funds. why are you more likely to take out a bank loan than to issue bonds
Answers (1)
Home » Business » What are the six characteristics of money? explain how the u. s. dollar has those six characteristics?
Sign Up Forgot Password?