Business Essentials (12th Edition) (What's New in Intro to Business)
Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
Question
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Chapter 16, Problem 16.1QR
Summary Introduction

To determine: The characteristics of money.

Introduction:

Accounting is the process which would be done by the finance department of the firm. It helps the firm to keep the financial accounts. It would summarize the financial and business transaction of the firm and records it for the future use.

Expert Solution & Answer
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Explanation of Solution

The following are the characteristics of money:

  • It is divisible. It refers that money can be divided into smaller parts
  • It is portable.
  • Money is light to carry, durable, and stable.

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