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Recognizable: Good money is recognized either by sight or touch. 48) Which of the following best describes the stability characteristic of money? I think durability of composite decking is a perception issue. This characteristic means that the item used as money retains its phyhsical structure and institutional value. Term durability Definition: One of four characteristics that enables an asset to better function as money.The other three are transportablity, divisibility, and non-counterfeitability. Money is durable. Medium of Exchange First and foremost, money acts as a medium of exchange that facilitates commercial transactions. Everyone must find it very easy to recognize it and know its value. A) Units of money do not expire after a certain time limit. An ideal money material should possess the following qualities: 1. If money is not recognizable by the general public then it cannot be called money. If you think that there is zero maintenance – “I’m never going to have to do anything at all” – you’re not going to find any product like that. Unless a person knows […] It is a common myth that traditional economies usually functioned on a system of barter such that goods were directly exchanged. Changes in the purchasing power of money, i.e., in the exchange ratio between money and vendible goods and commodities, can originate either from the side of money … ... TOM: Thanks so much for calling us at 888-MONEY-PIT. Divisibility 6. JOHANNA: Thanks. Answer (1 of 17): The characteristics of money can be divided into six different categories: Durability, portability, divisibility, uniformity, limited supply, and acceptability. Stability of Value! Durability: Money should be durable. Homogeneity 5. 47) Which of the following best describes the durability characteristic of money? General Acceptability: ADVERTISEMENTS: It is the very essence of money. Durable banknote papers Banknote paper with enhanced durability is a recent development, designed to meet the growing need for popular low-denomination banknotes to withstand extreme wear. With the ongoing fraudulent issues associated with counterfeit money, it is important to be familiar with these categories. The price of quartz countertops ranges between $50 and $150 per square foot, including installation, but the actual cost depends on the quality of quartz, manufacturer, style, design, and type of edging. Indestructibility or Durability 4. Portability 3. By being durable, money does not easily wear out or deteriorate. ADVERTISEMENTS: Top eight qualities of an ideal money material are: 1. Money can be exchanged for goods, services and labor. It should not lose its value with the passage of time. General Acceptability 2. Durables is a category of consumer goods that do not have to be purchased frequently. Cognizability 8. All the great aspects of quartz—durability, non-porous, ability to custom design—come with a cost. The gold and silver coins do not wear out quickly and quality of money remains the same. Money is a medium of exchange that market participants use to engage in transactions for goods and services. The printing of notes is secret. This requires a coincidence of wants and is extremely inefficient. Our Podcasts. Money is recognizable. Malleability 7. Some examples of durables are appliances, home and office furnishings, lawn and …

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