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Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457 Exercise 2
Which of the following is not a characteristic of money?
A) It provides a way to measure the relative value of goods and services.
B) It is always backed by something of high intrinsic value, such as gold or silver.
C) It is generally acceptable as a medium of exchange.
D) It allows for saving and borrowing.
A) It provides a way to measure the relative value of goods and services.
B) It is always backed by something of high intrinsic value, such as gold or silver.
C) It is generally acceptable as a medium of exchange.
D) It allows for saving and borrowing.
Explanation
Verified
Verified
Thus the money is not always b...
Economics for Today 7th Edition by Irvin Tucker
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