Question and answer
The six characteristics of money are; durability, portability, divisibility, uniformity, limited supply and acceptability. true or false?
true The six characteristics of money are; durability, portability, divisibility, uniformity, limited supply and acceptability.
Expert answered|cacaides|Points 110|
Question
Asked 5/22/2013 3:59:36 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Objects that have value because the holder can exchange them for something else of value is called: a. fiat money c. representative money b. commodity money d. uniformed money
Question
Not Answered
Updated 20 days ago|1/18/2016 5:24:07 AM
1 Answer/Comment
Objects that have value because the holder can exchange them for something else of value is called representative money.
Added 20 days ago|1/18/2016 5:24:07 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by selymi [1/18/2016 5:25:16 AM]
Penny is an artist, and John is a carpenter. Penny agrees to paint a portrait of John’s family in exchange for a handmade table created by John. How did Penny and John pay for the goods in their transaction? a. using a store of value c. through bartering b. with money d. with currency
Weegy: Penny and John paid for the goods in their transaction: c. through bartering. User: In the 1800s, people in mining towns in the West often paid for goods with gold nuggets or gold dust. What was the function of gold? a. It was used as part of a barter system. b. It was used as a currency. c. It was used as representative money. d. It was used as fiat money. Weegy: It was used as a currency. User: Which of the following correctly defines money as a unit of account? a. It determines whether a good has value. b. It is determined to be legal by the person in possession of it. c. It provides a means for comparing the values of goods and services. d. It does not retain its value when saved instead of spent Weegy: c. It provides a means for comparing the values of goods and services. -correctly defines money as a unit of account. User: One of the six characteristics economists use to judge how well an item serves as currency is divisibility. What does this concept mean? a. Currency must be divided into equal parts. b. Money must be indestructible and portable. c. Any two units of currency must be uniform. d. Money must be easily divided into smaller denominations. Weegy: The answer is d. Money must be easily divided into smaller denominations. User: What is the difference between commodity money and representative money? a. Commodity money consists of objects used as money that contain their own value, but representative money is a specific group of the commodity objects. b. Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else of value. c. Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts. d. Representative money consists of objects that have value in and of themselves, but commodity money makes use of objects ... (More)
Question
Expert Answered
Asked 5/22/2013 2:50:38 PM
0 Answers/Comments
23,852,197 questions answered
Popular Conversations
Which word has a more negative connotation for the sentence ...
Weegy: We bought __________________ souvenirs at the amusement park: a. inexpensive. User: The dictionary meaning ...
2/7/2016 8:01:03 AM| 3 Answers
Both species benefit in the type of symbiosis called parasitism.
Weegy: Both species benefit in the type of symbiosis called parasitism. FALSE. User: Mutualism, commensalism, and ...
2/7/2016 9:25:53 AM| 3 Answers
You don't really approve of the idea of political parties. However, ...
Weegy: You don't really approve of the idea of political parties. However, you're known as a Federalist and are soon ...
2/7/2016 1:00:15 AM| 2 Answers
An organism’s particular role in its habitat, or how it makes its ...
Weegy: An organism's particular role in its habitat, or how it makes its living, is called its niche. User: An ...
2/7/2016 9:17:59 AM| 2 Answers
Weegy Stuff
S
Points 219 [Total 616] Ratings 0 Comments 219 Invitations 0 Offline
S
P
P
Points 142 [Total 949] Ratings 0 Comments 142 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 106 [Total 11279] Ratings 0 Comments 106 Invitations 0 Offline
S
L
P
Points 46 [Total 2114] Ratings 0 Comments 46 Invitations 0 Offline
S
Points 27 [Total 37] Ratings 0 Comments 27 Invitations 0 Online
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
S
R
Points 2 [Total 438] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)