Question: Characteristic Description Durability Portability Divisibility Uniformity Limited supply Acceptability 6. Money is generally placed into three categories. Briefly describe each category. a. Commodity money: b.

is generally placed into three categories. Briefly describe each category. a. Commodity

Characteristic Description Durability Portability Divisibility Uniformity Limited supply Acceptability 6. Money is generally placed into three categories. Briefly describe each category. a. Commodity money: b. Representative money: c. Fiat money: 7. The money supply is the total amount of money circulating through the economy at any given time. Answer three questions about how the money supply can be

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