For a Commodity to Function Effectively as Money It Must

question 77

Multiple Choice

For a commodity to function effectively as money it must be

• A)easily standardized,making it easy to ascertain its value.
• B)difficult to make change.
• C)deteriorate quickly so that its supply does not become too large.
• D)hard to carry around.

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Definitions:

Dale Carnegie Institute

An educational institution offering courses in leadership, public speaking, sales, and personal development, based on the principles of its founder, Dale Carnegie.

Rapport

The establishment of a trusting and harmonious relationship between people.

Knowledgeable

Possessing or showing a very great deal of information, awareness, or understanding about a particular subject or field.

Complex Purchase

Purchasing decisions that involve extensive research and consideration due to factors like high cost, long-term commitments, or personal importance.