Question

In order to have value, money must be

transferable.

divisible.

easily carried.

standardized.

Answer 1

Money needs to be transferable, divisible, easily carried, and standardized to have value.

Step-by-step explanation:

To have value, money must be transferable, divisible, easily carried, and standardized.

Money serves as a medium of exchange, a measure of value, and a store of value in an economy. Money must be transferable so that it can be exchanged for goods and services. Money must also be divisible, meaning it can be divided into smaller units to facilitate transactions of various sizes. Additionally, money should be easily carried to enable convenient transactions. Lastly, money needs to be standardized, meaning it should have a consistent value and be widely accepted.

Answer 2

All of these.

Transferable refers to the ability of money to be accepted as a means of payment.

Divisible refers to its unit of account.

Easily carried refers to its convenience.

Standardized means that the currency is widely accepted and is accepted for payment.