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For anything to be considered money it must be

Loraine

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9 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 306 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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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
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Solved For an asset to be a "means of payment," the asset
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Smoooth

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8 years ago

You're welcome Happy Dummy

Happy Dummy

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