In the 1990s, the russian people lost confidence in the value of the ruble, and many were no longer willing to sell goods and services in exchange for russian currency. which characteristic of money did the russian currency lack?
the answer to this question is acceptability The acceptability characteristic refers to whether the currency is accepted as a medium of exchange for the transaction in the market. Currency that has high rate of acceptability tend to be less volatile in the foreign exchange market and attract more investment.
