Which of the following is not one of the criteria for a commodity to be a suitable medium of exchange?
A)it should be durable
B)it should have a standardised quantity
C)it should be divisible
D)it should not have other uses

Question

Quizplus · Accepted Answer

The criterion that a commodity should not have other uses is not necessary for it to be a suitable medium of exchange. Commodity money, such as gold or silver, had many other uses in addition to being a medium of exchange. However, it is important that the commodity used as a medium of exchange is widely accepted and easily divisible.

Which of the Following Is Not One of the Criteria