In some countries with very high inflation rates,citizens must spend their money as fast as they receive it in order to keep up with or stay ahead of the rapidly rising prices of consumer goods.Under these conditions,money is said to lack
A) portability.
B) divisibility.
C) durability.
D) stability.
E) difficult to counterfeit.
Correct Answer:
Verified
Q1: Money is a medium of exchange.
Q2: Certificates of deposit are accounts with funds
Q6: An advantage of using money instead of
Q7: Using commodities such as corn,livestock,or artisanal goods
Q8: Fiat money is backed by gold.
Q9: The three important functions of money are
Q11: As a medium of exchange,money
A) eliminates the
Q11: When used to accumulate wealth,money functions as
Q13: Discuss the most important characteristic of money.
Q472: What are the three functions of money?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents