> > Currency should have all the following characteristics EXCEPT: A. it should be durable B. it should be portable C. it should be scarce D. it should have a value agreed upon by the community which uses it

Currency should have all the following characteristics EXCEPT: A. it should be durable B. it should be portable C. it should be scarce D. it should have a value agreed upon by the community which uses it

Currency should have all the following characteristics EXCEPT: A. i...

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Currency should have all the following characteristics EXCEPT: A. it should be durable B. it should be portable C. it should be scarce D. it should have a value agreed upon by the community which uses it

Currency should have all the following characteristics A. it should be durable B. it should be portable C. it should be scarce D. it should have a value agreed upon by the community which uses it

Answer

C. It should be scare.
This is not a characteristic of the currency, because it is a nominal product of the economy behavior.
Therefore, is there are plenty of goods and services in an economy, the currency must follow that.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 73 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 259 views.

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