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lys-0071 [83]
2 years ago
11

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

Chemistry
1 answer:
raketka [301]2 years ago
5 0

The characteristic is uniformity.

<h3>Uniformity of money</h3>

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

#SPJ1

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