Question

In: Economics

Which of the following is NOT the suitable characteristic of an asset to be used as...

Which of the following is NOT the suitable characteristic of an asset to be used as money?

Select one:

Low value relative to its weight

Standardized quality

Durability

Divisibility

Expert Solution

Low value relatives to its weight

Explaination:

The asset which used as money has main 4 characteristic , which is as follow

1. Durability

It must have same shape and form over an extended period of time.

2. Divisibility

That must be devided into small increament so that can be exchanged for goods and service.

3. Transportability

It must be moved one place to another place.

4. noncounterfeitability

That could not be easily duplicated.it also called standarised quality that could not copied.

Among the all above characteristic "low value relatibes to weight " is not suitable

Rahul Sunny answered 2 years ago

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