Which of the following is one of the key characteristics required in order for money to be an acceptable medium of exchange?

Question

Quizplus · Accepted Answer

Divisibility is a key characteristic required in order for money to be an acceptable medium of exchange because it means that it can be easily divided into smaller units without losing its value. This allows for transactions of varying sizes to occur using the same currency. Flexibility, profitability, and distributability are not necessarily required for money to be an acceptable medium of exchange.

Which of the Following Is One of the Key Characteristics