Which of the following BEST describes the portability characteristic of money?
A) If it wears out, it can be replaced.
B) Units of money can be matched with the value of goods.
C) It can be exchanged across national borders.
D) It allows people to measure the relative value of goods and services.
E) It is light and easy to handle.
Answer: E
Explanation: E) Money is easy to carry, which makes it easy to use.
You might also like to view...
Marketers have a better chance of taking advantage of a person's secondary beliefs than his or her core beliefs
Indicate whether the statement is true or false
A franchisor and franchisee relationship is governed by the
A. United Franchise Offering Clauses. B. United Franchise Optimum Contract. C. United Franchise Offering Contract. D. United Franchise Offering Circular.
Second mortgages serve the following purposes:
A) they give borrowers a way to use the equity they have in their homes as security for another loan. B) they allow borrowers to get a tax deduction on loans secured by their primary residence or vacation home. C) they allow borrowers to convert their conventional mortgages into GEMs. D) all of the above. E) only A and B of the above.
How is the marketing tool personal selling best described?
a. presenting products face to face and is the least expensive marketing tool b. presenting products face to face and is the most expensive marketing tool c. consists of coupons, sweepstakes and free products and is the least expensive marketing tool d. consists of coupons, sweepstakes and free products and is the most expensive marketing tool