Question

select the correct answer
which of the following is a characteristic of money?
a. indivisibility
b. variation
c. limited life
d. limited supply

Explanation:

Money has several characteristics. Indivisibility is not a characteristic as money can be divided (e.g., dollars into cents). Variation is not a standard characteristic. Limited life is not correct as money (like currency notes) can have a relatively long - term use (though they are replaced over time, it's not the key characteristic). A limited supply is a characteristic. If money was in unlimited supply, it would lose its value. With a limited supply, it can act as a store of value, medium of exchange, and unit of account effectively.

Answer:

D. limited supply