Which of the Following Is a Consequence of the divisibility

question 79

Multiple Choice

Which of the following is a consequence of the divisibility characteristic of money?

• A) Units of money do not expire after a certain time limit.
• B) Units of money can be accurately matched with the value of goods.
• C) Units of money are easily carried.
• D) Units of money have relatively stable value.
• E) Units of money of different nations are easily converted to other units of money.

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Definitions:

Monopolist

A monopolist is a market participant who has exclusive control over the supply of a particular good or service, setting prices with minimal competition.

Profits

The difference between a business's revenues and its expenses.

Marginal Costs

The added cost due to the production of an extra unit of a product or service.

Demand

In economics, the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.