Customers are increasingly exchanging regular money into e-money, which they can conveniently use to make payments through an app on their cell phone to individuals and businesses alike with ease and immediate effect without having to carry real money with them. This is an example of: A. Durability of Money B. Portability of Money C. Divisibility of Money D. Uniformity of Money Give explanation of the correct option and explanation of the incorrect options.
Customers are increasingly exchanging regular money into e-money, which they can conveniently use to make payments through an app on their cell phone to individuals and businesses alike with ease and immediate effect without having to carry real money with them. This is an example of: A. Durability of Money B. Portability of Money C. Divisibility of Money D. Uniformity of Money Give explanation of the correct option and explanation of the incorrect options.
Chapter15: Monetary Theory And Policy
Section: Chapter Questions
Problem 1.1P
Related questions
Question
Customers are increasingly exchanging regular money into e-money, which they can conveniently use to
make payments through an app on their cell phone to individuals and businesses alike with ease and
immediate effect without having to carry real money with them. This is an example of:
A. Durability of Money
B. Portability of Money
C. Divisibility of Money
D. Uniformity of Money
Give explanation of the correct option and explanation of the incorrect options.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning