Question 24 1 points Save Which of the following best describes the portability
ID: 2708831 • Letter: Q
Question
Question 24
1 points
Which of the following best describes the portability characteristic of money?
It neither dies nor spoils and, if it wears out, it can be replaced.
Units of money can be matched with the value of goods.
It allows people to measure the relative value of goods and services.
It is light and easy to handle.
Its value is relatively constant.
Question 25
1 points
A dollar can be exchanged for four quarters, thus demonstrating that it is
portable.
divisible.
stable.
durable.
valuable.
Question 26
1 points
Which of the following is NOT a major type of financial institution?
investment clubs
credit unions
commercial banks
savings and loan associations
nondeposit institutions
Question 27
1 points
Money lets you measure the relative values of goods and services. In so doing, money is performing which of the following functions?
store of value
unit of account
determination factor
monetary flagging
medium of exchange
Question 24
1 points
Which of the following best describes the portability characteristic of money?
It neither dies nor spoils and, if it wears out, it can be replaced.
Units of money can be matched with the value of goods.
It allows people to measure the relative value of goods and services.
It is light and easy to handle.
Its value is relatively constant.
Explanation / Answer
24.Units of money can be matched with the value of goods.
25.divisible
26.nondeposit institutions
27.unit of account
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