Question

One important characteristic of money is that it must be:

O A. made of some kind of metal.
O B. available in unlimited amounts.
C. easy to store and carry.
D. the same for all countries.
SUBMIT

Answer 1

It’s C, mostly by process of elimination.

A is instantly discardable because American dollar bills are not metal.

B is discardable because the opposite is true. Money must be available in limited amounts because scarcity is what gives currency value.

D is instantly discardable because not all countries use the same currency. A US dollar is not a Euro.

C is correct because money must be easily transferable, or it cannot be easily spent. If you cannot spend/use/transfer a currency, it has no value.