For anything to be considered money it must be
A) a valuable commodity,such as gold.
B) a token,such as a green piece of paper.
C) either a commodity or a token,as long as it is generally accepted as a means of payment.
D) a mystical token,such as whale teeth.
E) used in barter transactions.
Correct Answer:
Verified
Q11: Money must be _ which includes the
Q12: Money serves as a
A)means of payment,legal obligation,and
Q13: The "double coincidence of wants" is
A)what is
Q14: In order for any given commodity to
Q15: Which of the following is NOT among
Q17: Which statement about money is most correct?
A)Money
Q18: Money performs all of the following functions
Q19: Barter requires the
A)use of commodity money as
Q20: For an asset to be a "means
Q21: When we put a price tag on
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