Question

which of the following is not a characteristic of wealth​

Answer 1

Question:

Which of the following is not a characteristic of wealth?

(A) Possesses usefulness

(B) Should be available in abundance

(C) Has an explicit existence

(D) is capable of being exchanged

Answer:

(B) Should be available in abundance

Explanation:

The main characteristics of the wealth are:

1. Divisible - Wealth can be divided to purchase goods at any price
2. Portable - Easy to carry
3. Acceptable - Exchangeable
4. Scarce - Should be scarce and hard to earn
5. Durable - Should withstand
6. Stable - Constant for a longer period.

The 4th point 'Scrace' contradicts the option B (Should be available in abundance)

So, (B) Should be available in abundance  is not a characteristic of wealth.

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