In some countries with very high inflation rates,citizens tend to spend their money as fast as they receive it in order to keep it from losing any more of its value.Under these conditions,money is said to lack:

A) portability.
B) divisibility.
C) durability.
D) stability.
E) inimitability.

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Natalya Zamora · Accepted Answer

Final Answer : D, Explanation :  Money is said to lack stability in countries with very high inflation rates because its value decreases rapidly, leading citizens to spend it quickly to avoid further loss of purchasing power.

In some countries with very high inflation rates,citizens tend to spend their money as fast as they receive it in order to keep it from losing any more of its value.Under these conditions,money is said to lack:

A) portability.
B) divisibility.
C) durability.
D) stability.
E) inimitability.

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In some countries with very high inflation rates,citizens tend to spend their money as fast as they receive it in order to keep it from losing any more of its value.Under these conditions,money is said to lack:A) portability.B) divisibility.C) durability.D) stability.E) inimitability.

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Learning Objectives

Learning Objectives

Related questions

In some countries with very high inflation rates,citizens tend to spend their money as fast as they receive it in order to keep it from losing any more of its value.Under these conditions,money is said to lack:

A) portability.
B) divisibility.
C) durability.
D) stability.
E) inimitability.