Which of these is NOT one of the criteria for a commodity to serve as money?
A) The commodity must be durable.
B) The commodity must be accepted by many people as money.
C) The commodity must be issued as currency or coin.
D) The commodity must be standardized.

Question

Quizplus · Accepted Answer

While currency and coins are commonly used as money, they are not a necessary criteria for a commodity to serve as money. Many societies have used other items, such as beads or shells, as their form of currency. The other three criteria (durability, wide acceptance, and standardization) are all important for a commodity to function effectively as money.

Which of These Is NOT One of the Criteria for a Commodity