Which of the following qualities 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) It is durable, so its value is not lost by spoilage.
C) Its value is relative to its weight, and amounts large enough to be useful in trade can be easily transported.
D) It is divisible, so can be used to pay for goods of different values.
E) It's supply is easily controlled.
Correct Answer:
Verified
Q48: The supply of money is easier to
Q50: The Bank of Canada's narrowest definition of
Q51: Which of the following is not counted
Q53: Gold is an example of
A)commodity money.
B)fiat money.
C)barter
Q54: Paper currency is
A)commodity money.
B)fiat money.
C)barter money.
D)a bond.
E)a
Q56: An economy without money would have no
Q56: Fiat money is generally issued by
A)private banks.
B)central
Q57: The M1+ measure of the money supply
Q58: The M2 measure of money equals
A)currency, personal
Q59: Using the five criteria in the text,
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