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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Something becomes money only if
A) people use it as a general medium of exchange.
B) it is backed by another commodity, typically gold or silver bullion.
C) the central government says it's money.
D) it promises to pay the bearer a fixed quantity of a scarce metallic good.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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VincenzoDVincenzoD
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
3 years ago
Thanks
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#4
3 years ago
Thank you
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