O Characteristic Description Durability measured. a. What is the monetary base? Portability Divisibility Uniformity b. What is M1? Limited supply Acceptability c. What is M2? 6. Money is generally placed into three categories. Briefly describe each category. a. Commodity money: Use this table to write defin words. If you're confident 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 3.2.1 Study: The Function of Money 3/6 Copyright @ 2021 Apex Learning Inc. Use of this material is subject to Apex Learning's Terms of Use