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. Divisibility
B. Uniformity
C. Acceptability
D. Limited supply
Answer (2)
The correct answer is B. Uniformity, as it pertains to the need for currency to have a consistent appearance for easy identification. This consistency helps prevent confusion in transactions. Essential characteristics like divisibility, acceptability, and limited supply also play important roles in the effectiveness of money. ;
The chosen answer is B. Uniformity, which indicates that different currency pieces should look similar for effective identification. This characteristic, among others, helps ensure smooth transactions and prevents confusion in the economy.
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