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31 January, 06:57

In order to save time and resources they will print their currency on a heavy stock cardboard. The bills will be about the size of a business card so that the Newbian people will be able to easily carry it with them in their wallets. Why will the Newbie Nugget not function as a medium of exchange

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  1. 31 January, 07:04
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    Incomplete question

    The missing part (which is the beginning)

    The nation of Newbie is establishing its monetary system and is designing its currency. The first proposal is to issue the Newbie Nugget (their new currency) in only 3 denominations of paper bills (100, 500 and 1000 Newbie bills) but no coinage.

    Answer:

    It is not easily divisible

    Explanation:

    Medium of exchange is any financial instrument of a standard value that is used to facilitate the exchange of goods and services.

    In addition, to be qualified for a medium of exchange, the instrument must be generally acceptable, portable, divisible, low cost of preservation and recognizable

    Divisibility value of a medium of exchange is provided when it comes in lower denominations and coins
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