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For anything to be considered money it must be

Loraine

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8 years ago

For anything to be considered money it must be

For anything to be considered money it must be
A) a valuable commodity, such as gold.
B) a token, such as a green piece of paper.
C) either a commodity or a token, as long as it is generally accepted as a means of payment.
D) a mystical token, such as whale teeth.
E) used in barter transactions.

Textbook

Essential Foundations of Economics

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 294 times

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Smoooth

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Related Topics

Solved Gold is an example of
Solved U.S. paper currency is considered representative commodity money because it can be redeemed for gold
Solved For a commodity or token to be money it must
Solved Money is any commodity or token that is
Solved Money is any commodity or token that
Solved For an asset to be a "means of payment," the asset
Solved Gold is an example of
Solved The gold standard is an example of

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Smoooth

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#2

8 years ago

You're welcome Happy Dummy

Happy Dummy

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