Question

John told his sister Susan that money must be able to pass from hand to hand without being easily destroyed. John is describing which feature of money?

Answer 1

Answer:

B) Durable

Multiple-choices

A) Portable                                                                                                                                                                                                                                                    B) Durable

C) Divisible

D) Acceptable

Explanation:

Durability is a vital feature of money. It refers to the ability of money to be used over and over again. Durability implies that money should withstand wear and tear for a long duration. Because money is meant to circulate without limitations, it should be made to last for a considerable period.  Printing of money is an expense. To save on this cost, both notes and coins should be made durable.