Which of the following criteria would make gold a poor medium of exchange?
A) a supply that would be difficult to control because of the unpredictability of new gold discoveries
B) durability so that value is not lost by spoilage
C) value relative to its weight so that amounts large enough to be useful in trade can be easily transported
D) divisibility because different goods are valued differently
Correct Answer:
Verified
Q19: Which of the following functions of money
Q20: In economics,money is defined as
A)the total value
Q21: Fiat money
A)has no or very little value
Q22: Among potential stores of value,money
A)offers the highest
Q23: During World War II,prisoners of war used
Q25: Gold is an example of
A)commodity money.
B)fiat money.
C)barter
Q26: Money is
A)an asset that people are willing
Q27: Which is not one of the criteria
Q28: When a grocery store accepts your $5
Q29: Commodity money is a good
A)used as money
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