Luis, Marlon, and Victoria are counting money. They each have the same amount in dollar bills, quarters, dimes, nickels, and pennies. They take turns matching amounts in different ways. Luis sets aside two dollars in dollar bills. Marlon makes the same amount with eight quarters. Victoria makes the same amount with one dollar bill and 10 dimes. This exercise best illustrates which function and which characteristic of money?

Standard and divisibility

Store of value and durability

Medium of exchange and portability

Measure of value and scarcity

Question

Guest

Mathematics

26 June, 11:20

Luis, Marlon, and Victoria are counting money. They each have the same amount in dollar bills, quarters, dimes, nickels, and pennies. They take turns matching amounts in different ways. Luis sets aside two dollars in dollar bills. Marlon makes the same amount with eight quarters. Victoria makes the same amount with one dollar bill and 10 dimes. This exercise best illustrates which function and which characteristic of money?

Standard and divisibility

Store of value and durability

Medium of exchange and portability

Measure of value and scarcity

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Answers (1)

Know the Answer?

Edgar · Answer 1

I believe the correct answer from the choices listed above is the third option. The exercise best illustrates Medium of exchange and portability function and characteristic of money.

Hope this answers the question. Have a nice day.