Which is not one of the criteria necessary for a commodity to make a suitable medium of exchange?
A)It should be durable.
B)It should be of standardized quality.
C)It should be valuable relative to its weight.
D)It should have intrinsic value.

Question

Quizplus · Accepted Answer

Intrinsic value is not necessary for a commodity to make a suitable medium of exchange. In fact, many modern currencies, such as the US dollar, are not backed by any intrinsic value but are still widely used as a medium of exchange due to their widespread acceptance and legal status. However, the other criteria listed (durability, standardized quality, and valuable relative to its weight) are all important for a commodity to serve as an effective medium of exchange.

Which Is Not One of the Criteria Necessary for a Commodity