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Portability is a crucial characteristic of money because it enables individuals to easily carry and exchange it in various transactions. If money is difficult to transport, it limits its usability and convenience, hindering trade and commerce. Portable money allows for quick and efficient exchanges, facilitating economic activities and ensuring that people can access goods and services without significant barriers. Overall, portability enhances the effectiveness of money as a medium of exchange.
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What is an important characteristic of money?
An important characteristic of good money is scarcity. This means that it is not readily available which will increase its value as well.
What is an important characteristic of good money?
An important characteristic of good money is scarcity. This means that it is not readily available which will increase its value as well.
Which is likely the most important characteristic of a good money?
Acceptable
Characteristictics of high level programming?
The main characteristic of all high-level programming is portability.
What are the features of the money?
PORTABILITY: Money must be easily carry around to long and short distance.
What are the features of a good money?
PORTABILITY: Money must be easily carry around to long and short distance.
What is a characteristic of a bank?
A characteristic of bank is money.
What are the most important thing about the invention of the laptop?
laptop portability is the most important invention
What are the characteristics of money?
durability, portability, divisibility, uniformafy, limited supply, acceptability
What Six characteristics of money?
Currency, durability, portability, divisibility, uniformity, limited supply, acceptability.
What are the 6 characteristics of money?
Money has many characteristics but I think the most important one would be common acceptability. The functions of money are common medium of exchange, store of wealth, measure of value/wealth, means of differed payments. Money has many characteristics but I think the most important one would be common acceptability. The functions of money are common medium of exchange, store of wealth, measure of value/wealth, means of differed payments.
Is standardization a characteristic of money?
Of money itself not so much, but in the production of money it is.
