In some countries with very high inflation rates,citizens tend to spend their money as fast as they receive it in order to keep it from losing any more of its value.Under these conditions,money is said to lack:
A) portability.
B) divisibility.
C) durability.
D) stability.
E) inimitability.
Correct Answer:
Verified
Q20: Which of the following characteristics of money
Q21: _ charge a penalty for withdrawing money
Q22: In general,the longer the term of a
Q23: _ are preferred over currency for many
Q24: Savings accounts are also known as:
A)interest deposits.
B)term
Q26: Which of the following characteristics of money
Q27: A check:
A)has a higher risk of loss
Q28: _ are savings accounts that guarantee a
Q29: Why is the life span of a
Q30: The acronym NOW,when used by financial institutions,stands
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