Asked by Scott Johnston on Jul 13, 2024
Verified
Which of the following characteristics of money allows people to postpone purchases and save their money to do so?
A) Divisibility
B) Imitability
C) Acceptability
D) Stability
E) Portability
Postpone Purchases
The act of delaying buying goods or services until a later date, often due to financial considerations, changing needs, or waiting for price reductions.
- Comprehend the meanings and attributes of money, encompassing its functions as a means of exchange, a unit of account, and a repository of value.
Verified Answer
JM
Jessica Miranda ElizondoJul 14, 2024
Final Answer :
D
Explanation :
Stability is the characteristic of money that allows people to postpone purchases and save their money, as it ensures that the value of money remains relatively constant over time.
Learning Objectives
- Comprehend the meanings and attributes of money, encompassing its functions as a means of exchange, a unit of account, and a repository of value.