A cashier gives one person a $5 bill and 15 $1 bills in exchange for a $20 bill. He gives a second person a $10 bill, a $5 bill, and five $1 bills in exchange for a $20 bill. Which characteristic of money does this illustrate?
a) Durability
b) Portability
c) Divisibility
d) Uniformity
This second characteristic means money can be divided into small increments that can be used in exchange for goods of varying values. For an item to function as THE medium of exchange, which can be used to purchase a wide range of different goods with a wide range of different values, then it must be divisible.
C.
divisibility.
B.
Inflation relates to rising rather than falling prices.
D.
a special type of price.
D.
higher interest rates for that type of car.
A.
salary.
C.
Abigail will be given a raise, but Lawrence will not.
A.
develop and market a new product.
B.
being his own boss.
B.
hire more Game Guides.
B.
Workers became more productive on average.
- W. G.
So the answer is C
*Willow Gray* Is Completely Correct. Thank You :D
You're welcome! I'm here to help.
To determine which characteristic of money is illustrated in this scenario, let's analyze the options:
a) Durability: Durability refers to the ability of money to withstand wear and tear over time. While this scenario involves money being exchanged, it does not directly relate to the durability of the money.
b) Portability: Portability refers to the ease with which money can be carried and transported. In the scenario, money is being exchanged, but it does not focus on the portability aspect of money.
c) Divisibility: Divisibility refers to the capability of money to be divided into smaller units for transactions. In the scenario, the cashier gives one person fifteen $1 bills and another person five $1 bills, illustrating the divisibility of money.
d) Uniformity: Uniformity refers to all units of money being the same and having the same value. In the scenario, the cashier gives one person a $5 bill and a second person a $10 bill, both of which are part of the uniform currency system.
Considering these options, the characteristic of money that is illustrated in this scenario is c) Divisibility, as the money is divided into smaller units (individual $1 bills) to complete the transactions.