For money to be an acceptable medium of exchange which of the following are necessary?

Question

Quizplus · Accepted Answer

For money to function as a medium of exchange, it must possess certain characteristics. These include being scarce, so that there is a limited amount of it in circulation; divisible, so that it can be broken down into smaller units; portable, so that it can be easily carried and used in transactions; and durable, so that it does not wear out or deteriorate quickly. Option A satisfies all of these criteria. Options B, C, and D do not include all of the necessary characteristics for money to be an acceptable medium of exchange.

For Money to Be an Acceptable Medium of Exchange Which