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) difficulty to counterfeit.
Correct Answer:
Verified
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
Q10: When currency is stable,it provides no incentive
Q11: As a medium of exchange,money
A) eliminates the
Q13: Discuss the most important characteristic of money.
Q14: When a dollar bill is handled hundreds
Q15: The most important characteristic of money is
Q16: Money has all the following characteristics except
A)
Q17: When inflation is very high,money is no
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