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ozzi
3 years ago
12

What are the six characteristics of money? explain how the u.s. dollar has those six characteristics?

Business
1 answer:
Leya [2.2K]3 years ago
5 0
1. durability- objects used as money must withstand physical and tear
2. portability- people need to be able to take money with them as they go about their business
3.divisibility-to be useful, money must be easily divided into into smaller denominations, or units of value
4.uniformity- any two units of money must be uniform or the same in the terms of what they will buy.
5.limited supply- money must be available only in limited quantities
6.acceptability- Everyone must be able to exchange the money for goods and services
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