Which statements describe characteristics of currency? Check all that apply.Currency exchange rates are constant and stay the same.Currencies can vary from nation to nation.Currencies are divisible and have denominations.Currencies cannot be exchanged for one another.The value of a nation’s currency can change, and this value is based on many factors.

Currencies can differ from one nation to another, and they are divided into denominations such as dollars and cents. A currency’s value can change over time based on factors such as supply, demand, and economic conditions. Exchange rates are not constant, and currencies can be exchanged for one another, so A and D are incorrect.

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