In order for a commodity to be considered as money, what criterion must it meet?

Name: In order for a commodity to be considered as money, what criterion must it meet?
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Question

Quizplus · Accepted Answer

The criterion a commodity must meet to be considered as money is that it must be widely acceptable. This acceptance is what gives the commodity its value in exchange transactions. It doesn't matter what the commodity is made of or whether it is issued by banks or declared to be currency.

In Order for a Commodity to Be Considered as Money