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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.

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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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