All the great aspects of quartz—durability, non-porous, ability to custom design—come with a cost. If you think that there is zero maintenance – “I’m never going to have to do anything at all” – you’re not going to find any product like that. Answer (1 of 17): The characteristics of money can be divided into six different categories: Durability, portability, divisibility, uniformity, limited supply, and acceptability. This characteristic means that the item used as money retains its phyhsical structure and institutional value. Malleability 7. General Acceptability 2. A) Units of money do not expire after a certain time limit. With the ongoing fraudulent issues associated with counterfeit money, it is important to be familiar with these categories. Medium of Exchange First and foremost, money acts as a medium of exchange that facilitates commercial transactions. The printing of notes is secret. Durable banknote papers Banknote paper with enhanced durability is a recent development, designed to meet the growing need for popular low-denomination banknotes to withstand extreme wear. General Acceptability: ADVERTISEMENTS: It is the very essence of money. Durability: Money should be durable. If money is not recognizable by the general public then it cannot be called money. Indestructibility or Durability 4. Unless a person knows […] Money is a medium of exchange that market participants use to engage in transactions for goods and services. 47) Which of the following best describes the durability characteristic of money? It should not lose its value with the passage of time. Term durability Definition: One of four characteristics that enables an asset to better function as money.The other three are transportablity, divisibility, and non-counterfeitability. I think durability of composite decking is a perception issue. The price of quartz countertops ranges between $50 and $150 per square foot, including installation, but the actual cost depends on the quality of quartz, manufacturer, style, design, and type of edging. An ideal money material should possess the following qualities: 1. Our Podcasts. Portability 3. ... TOM: Thanks so much for calling us at 888-MONEY-PIT. Divisibility 6. Money can be exchanged for goods, services and labor. Homogeneity 5. Durables is a category of consumer goods that do not have to be purchased frequently. ADVERTISEMENTS: Top eight qualities of an ideal money material are: 1. This requires a coincidence of wants and is extremely inefficient. Recognizable: Good money is recognized either by sight or touch. Money is durable. Money is recognizable. Some examples of durables are appliances, home and office furnishings, lawn and … JOHANNA: Thanks. Changes in the purchasing power of money, i.e., in the exchange ratio between money and vendible goods and commodities, can originate either from the side of money … The gold and silver coins do not wear out quickly and quality of money remains the same. Stability of Value! 48) Which of the following best describes the stability characteristic of money? By being durable, money does not easily wear out or deteriorate. Everyone must find it very easy to recognize it and know its value. It is a common myth that traditional economies usually functioned on a system of barter such that goods were directly exchanged. Cognizability 8.

durability of money

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