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money keeps its value when it’s stored, rather than spent. For example if you put a five dollar bill in a draw today, then go get it a year from now it will still be worth five dollars. 2. The six characteristics of money are divisibility, portability, durability, uniformity, limited supply, and acceptability. Divisibility means that it can be divided into smaller denominations, such as $5, $10, and $20. Portability means that you can carry it with you. Durability means that it will withstand physical wear-and-tear. Uniformity means that it’s the same in terms of what you can buy with it. Limited supply means that money is only available in restricted amounts to prpaid for a good or service, such as minimum wage, which sets up the lowest pay a person, can legally receive for his or her labor.
Approximate Word count = 485
Approximate Pages = 1.9
(250 words per page double spaced)
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