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    Economics Study Set 1
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    Exam 26: Money and Banking
  5. Question
    In Order for Money to Be Successfully Used as a Medium
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In Order for Money to Be Successfully Used as a Medium

Question 92

Question 92

Multiple Choice

In order for money to be successfully used as a medium of exchange,it must
1) be readily acceptable;
2) be easily divisible;
3) have a high value-weight ratio.


A) 1 only
B) 2 only
C) 3 only
D) 1 and 2
E) 1,2,and 3

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