For Money to Function as a Medium of Exchange,it Must

question 66

Multiple Choice

For money to function as a medium of exchange,it must be easily moved from one location to the next.Which of the following characteristics of money does this statement reflect?

• A)Divisibility
• B)Durability
• C)Acceptability
• D)Stability
• E)Portability

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Definitions:

Postindustrial Societies

Societies characterized by an economy where the service sector produces more wealth than the industrial sector, reflecting a shift away from manufacturing-based economies.

Information Based

Pertaining to systems or processes that primarily depend on the processing, storage, and dissemination of data and information.

Division of Labor

is the allocation of different tasks and responsibilities to different individuals or groups, typically to increase efficiency and productivity.

Status Inconsistency

Occurs when an individual's social positions have both high and low ranks, leading to a disparity in their expected social status.