The characteristics of money are
A) divisible, interchangeable, portable, and exchangeable.
B) durable, paper, coin, and stable.
C) interchangeable, divisible, paper, and banks.
D) durable, divisible, stable, and portable.
E) portable, divisible, durable, and interchangeable.

Question

Quizplus · Accepted Answer

Money should have the following characteristics:

1. Durability: should be able to withstand wear and tear over time.
2. Divisibility: should be able to be divided into smaller units to accommodate transactions.
3. Stability: should be able to maintain its value over time.
4. Portability: should be easily transported.
 
Therefore, the best choice is (D), which encompasses all the above characteristics.

The Characteristics of Money Are