Precious metals have several virtues as a medium of exchange. Which of the following is not an important reason to use precious metals as a medium of exchange?

Question

Quizplus · Accepted Answer

The statement "Precious metals are plentiful and readily available" is not a true characteristic of precious metals. In fact, the scarcity of these metals is what gives them their value as a medium of exchange. The other statements are true advantages of using precious metals as a medium of exchange.

Precious Metals Have Several Virtues as a Medium of Exchange