A cashier give one person a five dollar bill and $15.01 dollar bills and exchange for a $20 bill which characteristic of money does this illustrate
It would help if you would proofread your work before you post it.
"$15.01 dollar bills"?
What are your choices? Equivalency?
It reads 15 1$ bills
This transaction illustrates the characteristic of divisibility of money. The cashier is able to provide the person with a combination of one five dollar bill and fifteen one-dollar bills to make a total of $20.
To determine this characteristic, you can understand the concept of divisibility in money by considering the ability to exchange larger denominations for smaller ones and vice versa. In this case, the cashier is dividing the $20 bill into smaller denominations to meet the specific monetary need of the person.
This ability to divide money into different denominations increases its practicality and convenience for making transactions in various amounts, catering to the varying needs and expenses of individuals.