For money to serve as an efficient medium of exchange, it must have all but which of the following characteristics? Divisibility, General acceptability, Convertibility into precious metals, High value relative to its weight
موثر ذریعۂ تبادلہ بننے کے لیے رقم میں درج ذیل میں سے کون سی خصوصیت ضروری نہیں ہے؟
- Divisibility
- General acceptability
- Convertibility into precious metals
- High value relative to its weight
Explanation
- For money to work efficiently as a medium of exchange, it must have qualities like divisibility, acceptability, and portability (high value per weight).
- These features make transactions easy and practical.
- However, convertibility into precious metals is not necessary in modern economies.
Last verified on 23-04-2026
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