One major problem with some commodity monies is that:
A) to be useful, money must be divisible.
B) to be useful, money must be storable.
C) to be useful, money must be of uniform quality.
D) all of the above are problems with commodity monies.
Correct Answer:
Verified
Q48: One reason why gold and silver coins
Q49: One point virtually all economists agree on
Q50: M1 includes:
A)cash and travelers' checks.
B)cash, checking account
Q51: Which of the following is not a
Q52: Which of the following is the best
Q54: Which of the following backs our money
Q55: The idea behind money as a standard
Q56: Which of the following is not included
Q57: "Near monies" are:
A)included in the M1 definition
Q58: Fiat money has value because:
A)it is backed
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