Which is not one of the criteria necessary for a commodity to make a suitable medium of exchange?
A) It should be of standardized quality. B) It should be valuable relative to its weight.
C) It should be durable. D) It should have intrinsic value.
D
Economics
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A "near money" is an asset that can be
a. indistinguishable from commodity money. b. spent easily. c. a close substitute for money. d. only issued by a bank.
Economics
Which of the following is the oldest economic system?
a. command economy b. traditional economy c. market economy d. underground economy
Economics