Which statements accurately describe a country’s currency?

Which statements accurately describe a country’s currency?

Select all that apply.

A) The currency is easily divisible.

B) The currency can be used in any other country.

C) The currency has a value that can change.

D) The currency has denominations.

E) The currency has a value that must stay the same.

Answer: The correct options are A, C, and D.

Looking at what constitutes currency in a given country, we see that it has the following characteristics. It also looks like it can be divided into small amounts and sub-amounts which enable purchases or trade to be done, in amounts or volumes that are comfortable for the parties involved. The currency itself comes in different types of notes or coins like dollars, cents, pounds, and even euros, in other countries, and each of these types is equal to different values. What should be noted is that the value of a currency is not stationary, but it changes depending on a set of factors active inside the country’s economy and in the global economy. Some variables are; inflation, interest rates, and exchange rates these influential factors determine the value of a currency after a specific period. However, a country currency most of the time does not enjoy a fifteen ($15) acceptance internationally for purchases unless it is an international currency which is used in international purchases as well as financing.