The Characteristics That Money Should Have Include

question 4

Multiple Choice

The characteristics that money should have include:

• A) portability, durability, and flexibility.
• B) durability, flexibility and stability.
• C) durability, portability, and non-homogeneity.
• D) scarcity, portability, and divisibility.

---

Definitions:

Price Discrimination

A pricing strategy where similar goods or services are sold at different prices to different groups of people.

Ethnic Group

A community or population made up of people who share a common cultural background, ancestry, or social experience.

Potential Competitors

Firms that are not currently in a market but have the capacity to enter if they choose.

Price-Elastic

Price-elastic refers to the responsiveness of the quantity demanded or supplied of a good to a change in its price; high elasticity means quantity changes significantly with price changes.