Which of the following statements regarding the use of gold as money is false?
A) The money supply would be easy to control because of the predictability of new gold discoveries.
B) It is durable.
C) It has value other than money.
D) It is acceptable to traders.
Correct Answer:
Verified
Q2: Economies where goods and services are traded
Q3: According to the U.S.Treasury
A)the government will not
Q4: If whole tomatoes were money,which of the
Q5: Commodity money
A)has value independent of its use
Q6: The major shortcoming of a barter economy
Q7: The statement,"My iPhone is worth $700" represents
Q8: Silver is an example of a
A)commodity money.
B)barter
Q9: People hold money as opposed to financial
Q10: In an economy with _,there are more
Q11: India's decision in late 2016 to withdraw
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