Question

A small community uses cattle as money. A man from the community traded five cows for a plot of farmland. Which characteristic of his money allowed him to make this transaction?

A) divisibility
B) uniformity
C) acceptability
D) durability

Answer 1

The characteristic of his money that allowed him to make this transaction is : c. acceptability

Using cattle as a payment is the acceptable way of that community as a medium of payment. If that man made the transaction outside that community, the payment method could've been different

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