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
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
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 is an example of representative money? a. a fur coat c. gold earrings b. diamonds d. an IOU note Weegy: IOU note is an example of representative money. (More)
Question
Expert Answered
Asked 5/22/2013 3:46:47 PM
0 Answers/Comments
20,159,490 questions answered
Popular Conversations
Perform the indicated operation. 3 + (-4) 1 -1 7 -7
Weegy: 3 + (-4) = 3 - 4 = -1 User: Evaluate BD for A = 5, B = -2, C = 4 and D = -6. -12 -8 8 12 Weegy: If A = 5, B ...
3/28/2015 4:37:41 AM| 8 Answers
Why do anabolic steroids differ from other illegal drugs? A. They ...
Weegy: Why do anabolic steroids differ from other illegal drugs? C. They are only dangerous for men. User: Which of ...
3/28/2015 6:04:09 PM| 3 Answers
Simplify 7 - (-4) + 3(-6). -7 7 -9 9
Weegy: 7 - (-4) + 3(-6) =11+ (3)(-6) =11-18 = - 7 User: Simplify (3/10)(-5/9). 1/6 -1/6 77/90 User: ...
3/28/2015 4:27:29 AM| 2 Answers
What was NOT an effect of the Panic of 1893? A. the strengthening of ...
Weegy: A. the strengthening of the Populist Party User: Separate but equal would be the legal standard and not ...
3/28/2015 3:11:56 PM| 2 Answers
What is the solution of the equation? -10+sqrt x+8 =-4
Weegy: -10 + sqrt (x+8) = -4 sqrt (x+8) = -4 + 10 = 6 square both sides we get: x + 8 = 36 x = 36 - 8 = 28 When x = 28, ...
3/28/2015 7:49:35 PM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 1270 [Total 9156]| Ratings 0| Comments 1270| Invitations 0|Offline
S
1
L
Points 622 [Total 1533]| Ratings 6| Comments 562| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 482 [Total 7789]| Ratings 8| Comments 402| Invitations 0|Offline
S
1
L
L
Points 473 [Total 7974]| Ratings 0| Comments 473| Invitations 0|Offline
S
Points 444 [Total 949]| Ratings 10| Comments 334| Invitations 1|Offline
S
L
Points 353 [Total 1475]| Ratings 2| Comments 333| Invitations 0|Offline
S
Points 199 [Total 567]| Ratings 3| Comments 169| Invitations 0|Offline
S
Points 129 [Total 129]| Ratings 0| Comments 129| Invitations 0|Online
S
Points 42 [Total 158]| Ratings 4| Comments 2| Invitations 0|Online
S
Points 35 [Total 126]| Ratings 0| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.