Multiple Choice
Which of the following is not one of the criteria for a commodity to be a suitable medium of exchange?
A) it should be durable
B) it should have a standardised quantity
C) it should be divisible
D) it should not have other uses
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q54: The Reserve Bank of Australia undertakes _
Q55: Paper currency:<br>A)is commodity money.<br>B)is fiat money.<br>C)is barter
Q56: Why is the real world deposit multiplier
Q57: If the reserve ratio is RR, the
Q58: Suppose that you decide that you no
Q60: Why is gold not a good medium
Q61: Suppose you deposit $2 000 into a
Q62: The _ the reserve ratio, the _
Q63: A bank holds its reserves as _
Q64: By selling dollars in foreign currency markets,