Which of these qualities guarantees the keeping of money for a long period?

Which of these qualities guarantees the keeping of money for a long period?

  • A.
    Acceptability
  • B.
    Divisibility
  • C.
    Durability
  • D.
    Homogenity
Correct Answer: Option C
Explanation

Durability is critical for money to perform the related functions of medium of exchange and store of value.  An item must be able to withstand being used repeatedly.

You May Also Like