The most important attribute of money is?

  • A homogeneity
  • B relative scarcity
  • C divisibility
  • D general acceptance

The correct answer is D. general acceptance

The most important attribute of money is its general acceptance.

Money is universally accepted around the world as a universal means of transaction.

This attribute supports the role of the exchange medium.

Money must act as a thing that is acceptable to everyone and may be used without refusing to exchange for goods and services.

Therefore, the general acceptance of money is one of the most important money characteristics.

Previous question Next question