Durability, Scarcity, Portability, and Divisibility Are the Four Key Characteristics

question 151

True/False

Durability, scarcity, portability, and divisibility are the four key characteristics of money.

---

Definitions:

Duress Of Goods

A situation where goods are obtained or retained through coercion, or the wrongful collection of goods under pressure.

Ethical Policy

A set of guidelines that outlines the principles and values governing the behavior of individuals or organizations.

Duress

Compulsion, force, or pressure applied to someone to coerce them into taking an action against their will or better judgement.

Unilateral Mistake

A situation in contract law where only one party holds an incorrect belief about a basic assumption on which a contract is based, potentially affecting the enforceability of the contract.