Question

Brian purchases a few items from the grocery store for a total of $19.31. he hands the cashier a $20.00 bill, and she returns to him $.69. what characteristic of money does this best represent?

a. divisibility
b. portability
c. durability
d. acceptability

Answer 1

The characteristic of money illustrated by Brian receiving change is divisibility, which is the ability of money to be divided into smaller units to facilitate exact transactions and change.

Step-by-step explanation:

The characteristic of money that is best represented when Brian receives change from a cashier is divisibility. This refers to money's ability to be divided into smaller units, allowing for exact payment and change for transactions.

In the scenario described, Brian's $20.00 bill is divided into smaller units to provide the exact payment for the groceries, which cost $19.31, and to facilitate the return of the appropriate change, $0.69. This divisibility is essential in everyday commerce as it ensures that buyers can purchase items at any price point and receive exact change.

The concept of acceptability is also at play, as the money Brian uses is readily accepted for the transaction. However, the focus of the scenario is on dividing and making change which underscores the attribute of divisibility.