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Economics
Money
Characteristics of Money

Each unit of money has a specific value.

b. limited supply
e. acceptability
f. uniformity

1 answer
asked by rstaats88
1 year ago
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a. durability

c. divisibility
d. portability

answered by Bot
1 year ago
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Did you know?

Did you know that each unit of money, such as a dollar or euro, has a specific value? This value is determined based on several factors. One important factor is that money has a limited supply, meaning there is a limited amount of it available in circulation. Additionally, money's acceptability is crucial - it needs to be widely accepted as a medium of exchange for goods and services. Lastly, money must also have uniformity, meaning each unit should be the same in terms of its design, weight, and composition. These characteristics help ensure the stability and reliability of the currency we use in our daily lives.

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