Using commodities such as corn,livestock,or artisanal goods is not an effective means of exchange because the system lacks
A) divisibility.
B) stability.
C) perishability.
D) durability.
E) counterfeitability.
Correct Answer:
Verified
Q2: Certificates of deposit are accounts with funds
Q4: When used to accumulate wealth,money functions as
Q5: A savings account is the same thing
Q6: A checking account is also called a
Q8: Fiat money is backed by gold.
Q9: The three important functions of money are
Q10: When currency is stable,it provides no incentive
Q11: As a medium of exchange,money
A) eliminates the
Q12: In some countries with very high inflation
Q472: What are the three functions of money?
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