Multiple Choice
Problems with the use of commodity money include all of the following except
A) it is expensive to produce.
B) there is an opportunity of fraud in the production of commodity money.
C) bits could be clipped off coins and melted down without detection.
D) it carries a high opportunity cost because the commodity could not be diverted from other uses.
E) there are several good substitutes.
Correct Answer:
Verified
Correct Answer:
Verified
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