Question

one of the characteristics of money is its divisibility. provide one example of money’s divisibility. A. Coins and bills can last a long time in circulation. B. Twenty dollar bills are easy to carry around in a wallet or pocket. C. A ten dollar bill can purchase a five dollar item, with five dollars change coming back. D. If Jane and Ranita both have a ten dollar bill they can purchase the same $10 t-shirt. C. A ten dollar bill can purchase a five dollar item, with five dollars change coming back.

Answer 1

The correct answer is C. A ten dollar bill can purchase a five dollar item, with five dollars change coming back.

Divisibility in the context of money means that it can be easily divided into smaller units, facilitating transactions of various sizes. In this example, a ten dollar bill can be used to purchase an item worth five dollars, and the change of five dollars can be given back.

This demonstrates the divisible nature of money, allowing for flexibility in transactions of different amounts.