Which statements accurately describe a country's currency? Select all that apply. The currency is easily divisible. The currency can be used in any other country. The currency has a value that can change. The currency has denominations. The currency has a value that must stay the same.

Question

Leila

Social Studies

14 August, 18:46

Which statements accurately describe a country's currency? Select all that apply. The currency is easily divisible. The currency can be used in any other country. The currency has a value that can change. The currency has denominations. The currency has a value that must stay the same.

+3

Answers (1)

Know the Answer?

Phoebe Key · Answer 1

Option (A), (C) and (D).

Explanation:

The currency is a term or value of money that is used for buying and selling goods and services. Different nations have different currency. For example, India has a Rupee, United states has a US dollar, Japan has a Yen, etc.

It is known that US dollar dominates the whole world. We can easily divide any currency and measure its value. Its value changes with change in the amount of exports and imports. The currency has various denominations. For example, there are 18 denominations in U. S. coins and bills.