Which of the following would NOT perform well as money?
A) coins
B) sea shells
C) cigarettes
D) diamonds
Correct Answer:
Verified
Q25: What is token money?
A) coinage for which
Q26: What does Gresham's law state?
A) People sell
Q27: Why were coins minted with serrated edges?
Q28: Suppose different forms of commodity money, such
Q29: What does the term commodity money refer
Q31: Which function of money facilitates commitments to
Q32: How does money function as a unit
Q33: Who is famous for his observation that
Q34: Which type of money has the lowest
Q35: What does the term seigniorage refer to?
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