Characteristics and Functions of Money

Which of the following is not a characteristic of money?

• Divisibility

• Portability

• Acceptability

• Responsibility

Which of the following is NOT one of the characteristics of money?

• durable
• stable
• scarce
• affordable

Money has ______ if it doesn't deteriorate when it is being handled frequently.

• Scarcity

• Divisibility

• Durability

• Portability

Money has ______ if it can be broken down into smaller units so it can be used as needed.

• Divisibility

• Portability

• Scarcity

• Durability

Easily transferred from 1 person to another, to make the exchange of money for products easier.

• Durability

• Portability

• Divisibility

• Scarcity

Money or other substance generally accepted as payment for goods and services.

• Measure of value

• Medium of exchange

• Scarcity

• Store of Value

One of three functions of money allowing people to preserve value for future use.

• Store of value

• Divisibility

• Portability

• Measure of value

What is money if it is available but only in a limited supply?

• Portable

• Durable

• Divisible

• Scarce

Money should be divisible. This means:

• You can use smaller pieces of it if you want.

• You can cut it in half and give both pieces to a vendor.

• If it's lost someone must return it to you.

• It must have a picture of a president on it.

What is NOT a characteristic of money? 

• Divisible
• Portable
• Acceptable
• Accessible