Which is not one of the criteria necessary for a commodity to make a suitable medium of exchange?

Question

Quizplus · Accepted Answer

A commodity does not need to have intrinsic value to make a suitable medium of exchange. In fact, many fiat currencies (such as the US dollar) have no intrinsic value but are still commonly used as a medium of exchange. The other criteria listed (durability, standardized quality, valuable relative to its weight, and generally accepted in exchange) are all important for a commodity to serve as a practical and efficient medium of exchange.

Which Is Not One of the Criteria Necessary for a Commodity