Which property the paper money does not process ?
Correct answer: C. Durability
- A. Acceptability
- B. Divisibility
- C. Durability
- D. Portability
Explanation
Paper money is accepted, divisible into denominations and easy to carry, but it can be damaged or destroyed and is therefore not fully durable. Durability is more strongly associated with commodity money such as precious metals.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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