To be effective,money must be readily received for the purchase of goods and services and for the settlement of debts.Which of the following characteristics of money does this statement reflect?
A)Divisibility
B)Durability
C)Acceptability
D)Stability
E)Portability

Question

Quizplus · Accepted Answer

Acceptability is the characteristic of money that ensures it is readily received for the purchase of goods and services and for the settlement of debts. This means that for money to be effective, it must be widely accepted by people in exchange for goods, services, or to settle debts.

To Be Effective,money Must Be Readily Received for the Purchase