Multiple Choice
The biggest problem with credit money is
A) divisibility.
B) elasticity of supply.
C) portability.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q58: Fiat money has no intrinsic value.
Q59: Stocks are less liquid than any asset
Q60: A government law about "legal tender" is
Q61: Fiat money is less elastic than credit
Q62: An advantage of commodity money is that
Q64: What is the double coincidence of wants?
Q65: What are the advantages and disadvantages of
Q66: An advantage of most representative money is
Q67: An advantage of credit money is<br>A) elasticity
Q68: Money<br>A) does not have to be valuable