Which of the following properties should a commodity have to be considered as money?
A) It should be scarce and rare.
B) It should be perishable.
C) It should be indivisible.
D) It should be unpredictable in value.
E) It should be homogenous in nature.
Correct Answer:
Verified
Q1: Perishable goods such as tomatoes and milk
Q9: As a standard of deferred payment, money
Q10: Credit can be described as:
A)money used as
Q10: The measure of money supply that includes
Q13: If Brazil experienced a period of rapid
Q16: The use of money as a unit
Q17: Which of the following assets would be
Q18: An asset that can easily be exchanged
Q19: Money fails to act as a store
Q20: An asset is said to be illiquid
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents