Question

Which of the following is not one of the key characteristics required in order for money to be an acceptable medium of exchange?
a) profitability;
b) durability;
c) divisibility;
d) portability;
e) scarcity

Answer 1

Answer:

a) profitability;

Explanation:

The key characteristics required for accepting the money as a medium of exchange includes durability, divisibility, portability, scarcity only

It does not involved the profitability as it is concerned with the profits only and thus not relevant for the acceptable medium of exchange

Therefore in the given case, the option a is correct