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In Economics / Senior High School | 2025-05-21

Why is portability an important characteristic of money?
A. So people can collect money in large banks
B. So it doesn’t lose value easily
C. So it can be carried around easily
D. So it cannot be stolen

Asked by imkiller502

Answer (2)

The correct answer is letter C. So it can be carried around easilyPortability means money is easy to bring with you. Imagine if we still used huge stone coins like those in Yap Island in the Pacific—that would be hard to carry! In the Philippines, paper bills and coins are easy to keep in a wallet or pouch, which makes daily buying and selling more convenient.

Answered by MaximoRykei | 2025-05-22

The correct answer is C. So it can be carried around easily.Portability means money should be easy to carry and use for buying things anywhere. This makes trading and buying convenient.

Answered by CloudyClothy | 2025-05-22