Sam takes a five-dollar bill from his wallet. He exchanges the bill for four quarters and four one-dollar bills. He then uses the change to buy a bottle of water from a vending machine. Which characteristics of money has sam best demonstrated?

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03-02-2020
Business

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Sam takes a five-dollar bill from his wallet. He exchanges the bill for four quarters and four one-dollar bills. He then uses the change to buy a bottle of water from a vending machine. Which characteristics of money has sam best demonstrated?

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ekeneizuka ekeneizuka · Answer 1 · 2020-02-05T13:33:22+01:00

Answer: Acceptability, portability and divisibility of money.

Explanation:

The question illustrates the acceptability, portability and the divisibility of money. The acceptability of money means that money is widely accepted as a medium for transaction, divisibility of money means that money can be broken down to smaller denominations and the portability of money means that money is easy to carry about.