Which of the following criteria would make gold a poor medium of exchange?
A) its value depends on its purity, and its purity is not easy to visibly identify
B) durability so that value is not lost by spoilage
C) value relative to its weight so that amounts large enough to be useful in trade can be easily transported
D) divisibility because different goods are valued differently
Correct Answer:
Verified
Q4: One reason Zimbabwe suffered from hyperinflation is
Q5: Commodity money
A)has value independent of its use
Q8: Silver is an example of a
A)commodity money.
B)barter
Q19: Which of the following functions of money
Q25: Gold is an example of
A)commodity money.
B)fiat money.
C)barter
Q27: Which is not one of the criteria
Q36: A major source of inefficiency in barter
Q37: Liquidity is defined as
A)the ease with which
Q39: Which of the following is a function
Q40: A farm worker gets paid today in
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