Qualities of money - SS1 Commerce Past Questions and Answers - page 1

1

Which quality of money ensures that it is widely accepted by individuals and businesses?

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A

Acceptability

B

Divisibility

C

Durability

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2

Which quality of money ensures that it is widely accepted by individuals and businesses?

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A

Acceptability

B

Divisibility

C

Durability

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3

What quality of money allows it to be easily divided into smaller units for transactions?

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A

 Acceptability

B

Divisibility

C

Durability

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4

Which quality of money ensures that it can withstand wear and tear over time?

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A

 Acceptability

B

Durability

C

Portability

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5

Which quality of money refers to its ease of carrying and transportation?

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A

Portability

B

Divisibility

C

Divisibility

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6

What quality of money helps maintain its value by limiting its supply?

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A

Uniformity

B

Scarcity

C

Acceptability

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7

Why is acceptability an important quality of money?

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8

How does the quality of divisibility contribute to the convenience of money?

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