All of the following are problems associated with commodity money EXCEPT
A) it is a cumbersome form of payments system.
B) commodities tend to have little value in and of themselves.
C) its value is dependent on its purity.
D) costs are incurred in certifying the purity and weight of commodity money.
B
Economics
You might also like to view...
The ________ is the rate of change of the ________.
A. base year price index; current year price index B. rate of inflation; CPI C. current year price index; base year price index D. CPI; rate of inflation
Economics
Which of the following is typically not classified as a monopolistically competitive industry?
A. Restaurants and fast food chains B. Grocery stores C. Gas stations D. All of these choices are typically monopolistic competitors.
Economics