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Tidy Tidy
wrote...
Posts: 4852
8 years ago
A good can serve as money only if
A) government mandates that the good must be accepted in payment of debts.
B) it is declared by authorities to be legal tender.
C) it has intrinsic value or if it is backed by precious metals.
D) citizens accept the good as a means of payment for transactions and debts.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 361 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Answer verified by a subject expert
SydnieSydnie
wrote...
Top Poster
Posts: 3807
8 years ago
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Tidy Author
wrote...

8 years ago
Thanks for your help!!
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
You make an excellent tutor!
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