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Characteristics of Good Money
1. Acceptability - Everyone must accept it to purchase goods and services
2. Durability - It should last a long time
3. Portability - Easy to carry around
4. Scarcity - Scarce enough to be valuable, not common such as sand or pebbles on a beach
5. Divisibility - Can be divided into small units
There are more as well, these are the basic
6. Cognizability
money should be easy to recognize
7. Malleability - money should be Malleable so that it could be made into new money.
8. Uniformity - It means that All version of the same denomination of currency must have the same purchasing power so that very denomination must be in uniform..
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What is an important characteristic of good money?
An important characteristic of good money is scarcity. This means that it is not readily available which will increase its value as well.
What is an important characteristic of money?
An important characteristic of good money is scarcity. This means that it is not readily available which will increase its value as well.
What the characteristic of a cashier?
the characteristics of a cashier is GOOD with Money
Which is likely the most important characteristic of a good money?
Acceptable
What is a characteristic of a bank?
A characteristic of bank is money.
Is determination a characteristic?
yes. it is a good characteristic
Is standardization a characteristic of money?
Of money itself not so much, but in the production of money it is.
What single characteristic separates more developed countries from less developed countries?
Good economy activity, And money (country income)
Which was a characteristic of a period known as pax Romania?
A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.
Which characteristic of money did the Russian currency lack?
acceptability
What are some characteristic of a weak economy?
no a lot of money?
Which form of money has value only because the groverment says it does?
All money has that characteristic.
