Qualities of A Good Money - SS1 Economics Past Questions & Answers - page 1

1

Which quality of good money ensures that it is easily recognizable and distinguishable from counterfeit currency?

A

Acceptability

B

Portability

 

C

Recognizability

D

Durability

CORRECT OPTION: c
2

Which quality of good money ensures that it is easily divisible into smaller denominations?

A

 Acceptability

B

Divisibility

 

C

Durability

D

Stability

CORRECT OPTION: b
3

Which quality of good money ensures that it is able to withstand wear and tear over time?

A

Acceptability

B

Portability

 

C

Durability

D

Uniformity

CORRECT OPTION: c
4

Which quality of good money ensures that it is stable in value over time?

A

 Limited supply

B

Stability

 

C

Recognizability

D

Authenticity

CORRECT OPTION: b
5

Which quality of good money ensures that it maintains its worth over time?

A

 Acceptability

B

Store of value

 

C

Durability

D

Uniformity

CORRECT OPTION: b
6

What is the quality of good money that ensures that it is widely accepted as a medium of exchange for goods and services?

Acceptability

7

What is the quality of good money that ensures that it has a limited supply to prevent inflation?

 

Limited supply

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