The quality of money which makes it possible to buy goods in small quantities is

Assessment: JAMB UTME - Commerce - 2022 Subject: Commerce

Question 1 Report

The quality of money which makes it possible to buy goods in small quantities is
Answer Details
The quality of money that makes it possible to buy goods in small quantities is divisibility. Divisibility means the ability of money to be divided into smaller units. This is important because it allows people to buy goods that cost less than one unit of money. For example, if a candy bar costs 50 cents and you only have a one dollar bill, you can divide that dollar into smaller units (quarters, in this case) to pay for the candy bar. If money was not divisible, you would have to pay for the candy bar with a one dollar bill, even if you only wanted to buy 50 cents worth of goods.

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