Question

In the United Kingdom, coin denominations are 1p (pence), 2p, 5p, 10p, 50p, £1

(Pound sterling) and £2. Which characteristic of money does this BEST demonstrate?
O divisibility
O scarcity
O durability
O portability

Answer 1

In the UK, the variety of coin denominations such as 1p, 2p, 5p, 10p, 50p, £1, and £2 demonstrates the divisibility of money, which allows for precise transactions.

Step-by-step explanation:

In the United Kingdom, the different coin denominations such as 1p (pence), 2p, 5p, 10p, 50p, £1(Pound sterling), and £2 BEST demonstrate the characteristic of money known as divisibility. Divisibility refers to the ability of money to be divided into smaller units of value, allowing for transactions of varying amounts. The existence of multiple denominations enables precise payments for goods and services and efficiently facilitates both large and small exchanges.