Multiple Choice
Which of the following criteria would make gold a poor medium of exchange?
A) Its value depends on its purity and its purity is not easy to visibly identify.
B) Durability so that value is not lost by spoilage.
C) Value relative to its weight so that amounts large enough to be useful in trade can be easily transported.
D) Divisibility because different goods are valued differently.
Correct Answer:
Verified
Correct Answer:
Verified
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