Multiple Choice
Which of these is NOT a necessary characteristic for something to be accepted and used as money?
A) It is easily standardized.
B) It must have the words "legal tender" on it.
C) It is divisible.
D) It is generally accepted by society.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q158: A perpetuity bond is sold with the
Q159: (Table: Money Measure Components, January 2019) Based
Q160: Which of these is NOT involved in
Q161: If money is used as a store
Q162: Approximately how large is the U.S. money
Q164: Assume that market interest rates are 6%
Q165: (Table: Money Measure Components, January 2019) Based
Q166: Cryptocurrencies are used primarily for speculation.
Q167: A deferment on a college loan means
Q168: The demand for loanable funds is downward