Question 7
Money and InflationWhich of the following is not a characteristic of money?
- A.Scarcity
- B.Durability
- C.Divisibility
- D.Homogeneity
- E.Mobility.
Show the answer and explanation
Answer: E (Mobility.)
Explanation
The usual qualities of good money are relative scarcity, durability, divisibility, homogeneity, portability and acceptability; the key treats 'mobility' as not one of them.