A disadvantage of ________made from precious metals is that it is very heavy and hard to transport from one place to another.
A) commodity money
B) fiat money
C) electronic money
D) paper money
Correct Answer:
Verified
Q43: Ranking assets from most liquid to least
Q44: The payments system is
A)the method of conducting
Q45: Explain how cigarettes could be called "money"
Q46: Of the following assets,the least liquid is
A)stocks.
B)traveler's
Q47: During hyperinflations
A)the value of money rises rapidly.
B)money
Q49: If the price level doubles,the value of
Q50: As the payments system evolves from barter
Q51: A fall in the level of prices
A)does
Q52: Paper currency that has been declared legal
Q53: A hyperinflation is
A)a period of extreme inflation
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