A bakery only accepts R100 notes for purchases, even when customers buy a loaf of bread worth R20. Which key characteristic of money is being violated in practice?

The scenario describes a bakery that only accepts R100 notes, even for a R20 purchase. This situation highlights a problem with one of the key characteristics of money. Step 1: Understand the characteristics of money. Durability: Money must be able to withstand wear and tear. Divisibility: Money must be easily divisible into smaller units to facilitate transactions of varying values. Acceptability: Money must be generally accepted as a medium of exchange by everyone in the economy. Portability: Money must be easy to carry around. Step 2: Analyze the given scenario. The bakery's policy means that a customer cannot use a R20 note for a R20 loaf of bread, nor can they easily make an exact R20 payment with a R100 note if the bakery doesn't provide change or accept smaller denominations. This makes it difficult to conduct transactions for small amounts. Step 3: Identify the violated characteristic. The inability to use money in smaller denominations for smaller purchases directly violates the characteristic of divisibility. Money should be able to be broken down into smaller units to match the value of goods and services being exchanged. The final answer is B. Divisibility. Just one more to go today! Send it over.