Question

What does the homogeneity of money mean?

Options

• All notes and coins are long-lasting

• Money can be exchanged for goods

• Every unit of the same value looks and works the same

• Money can be split into smaller units

Answer 1

Every unit of the same value looks and works the same

Explanation:

Homogeneity ensures that, for example, every ₹50 note is identical in value and appearance.