In order for money to work properly, the different pieces of currency in an economy should look similar to each other. This is an element of which characteristic of money?A.Limited supplyB.DivisibilityC.UniformityD.Acceptability

In order for money to work properly, there can be only a certain amount of it in the economy and there must be rules on who can print it. This is an element of which characteristic of money?A.DivisibilityB.UniformityC.AcceptabilityD.Limited supply

The property that money should be divisible into lesser units such as coins and small change is necessary principally due to variation in the value and of goods.

3. Which one of the following is not a feature of money?(A) Medium of exchange(B) Lack of divisibility(C) A store of value(D) A unit of account

Money needs to be divisible in order to:A.be consistent with other money in a country.B.be divided into smaller denominations as needed.C.be easily carried and transferred over large distances.D.be exchanged for a long time without falling apart.

Which phrase best describes a country's monetary base?A.Only currency and coins in circulation in the economyB.All money invested in the stock marketC.All money in circulation throughout the economyD.Only money that cannot be easily spent