Which of the following is not one of the criteria for a commodity to be a suitable medium of exchange?
A) It should be durable
B) It should have a standardised quantity
C) It should be divisible
D) It should not have other uses
Correct Answer:
Verified
Q10: 'Liquidity' is defined as the ease with
Q26: What is 'commodity money'? Give an example.
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Q28: A car dealer sells you a car
Q30: Which of the following criteria would make
Q32: List the five criteria necessary in order
Q33: Among potential stores of value, money:
A)offers the
Q37: Gold is an example of:
A)commodity money.
B)fiat money.
C)barter
Q38: Fiat money is generally issued by
A)private banks.
B)central
Q38: Explain why Australia's currency is suitable to
Q56: An economy without money would have no
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