Question

Which characteristic of money explains why an old dollar is worth as much as a crisp, new dollar?

Answer 1

The characteristic is uniformity.

Uniformity of money

Money is said to be uniform because irrespective of the nature it exists, the same amount must have the same purchasing power.

For example, a dollar in paper form and a dollar in coin form must be able to buy the same 1 dollar worth of goods.

Thus, a dollar bill, irrespective of its age, has the same purchasing power as a new, crisp dollar bill.

More on uniformity of money can be found here: brainly.com/question/17039370

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