A cashier give some person a $5 bill and 15 $1 bills in exchange for a $20 bill. Which characteristic of money does this illustrate?

Question

Quiz answers:
1. C
2. B
3. D
4. D
5. A
6. C
7. A
8. B
9. B
10. B

Answer 1

This scenario illustrates the characteristic of divisibility of money. Divisibility refers to the ability to exchange a larger denomination of money for smaller denominations. In this case, the person exchanged a $20 bill for a $5 bill and 15 $1 bills, which represents the ability to divide the money into smaller units.