Any Object Can Serve as Money If It Is Portable,divisible,durable,and

question 78

True/False

Any object can serve as money if it is portable,divisible,durable,and stable.

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Definitions:

British Pound

The currency of the United Kingdom, which is one of the world's major currencies traded on foreign exchange markets.

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency globally.

Trade Deficit

A situation where a country's imports exceed its exports, resulting in a negative balance of trade.

Dollar Denominated Bonds

Bonds issued in the United States that are payable in U.S. dollars, irrespective of the issuer's nationality.