Money needs to be portable in order to:A.be consistent with other money in a country.B.be exchanged for a long time without falling apart.C.be easily carried and transferred over large distances.D.be divided into smaller denominations as needed.SUBMITarrow_backPREVIOUS
Question
Money needs to be portable in order to:A.be consistent with other money in a country.B.be exchanged for a long time without falling apart.C.be easily carried and transferred over large distances.D.be divided into smaller denominations as needed.SUBMITarrow_backPREVIOUS
Solution
The correct answer is C. Money needs to be portable in order to be easily carried and transferred over large distances. This is one of the key characteristics of money. It should be lightweight, compact, and easily transported so that people can use it to conduct transactions. This is why we have paper bills and coins, and why we're moving towards digital forms of payment like credit cards and online transfers.
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