Question

Currency should have all the following characteristics EXCEPT:

A. it should be durable
B. it should be portable
C. it should be scarce
D. it should have a value agreed upon by the community which uses it

Answer 1

C. It should be scare.

This is not a characteristic of the currency, because it is a nominal product of the economy behavior. Therefore, is there are plenty of goods and services in an economy, the currency must follow that.