A major problem with commodity money is that, to be useful, money must be
A)divisible.
B)storable.
C)portable.
D)All of these responses are correct.

Question

Quizplus · Accepted Answer

All of these characteristics (divisibility, storability, and portability) are necessary for money to function effectively as a medium of exchange. Without divisibility, it would be difficult to make precise transactions. Without storability, money could not be saved for future use. Without portability, money would be difficult to transport and use in transactions over long distances. Therefore, all three characteristics are essential for money to be useful.

A Major Problem with Commodity Money Is That, to Be