For an Asset to Be a "Means of Payment," the Asset

question 18

Multiple Choice

For an asset to be a "means of payment," the asset

• A) requires a double coincidence of wants.
• B) must be able to be used to settle a debt.
• C) must be valuable and backed by the government.
• D) must be used when bartering.
• E) must be valuable and backed by gold.

---

Definitions:

Positive Consequences

Beneficial or favorable outcomes that result from a specific action or set of actions.

Openness to Experience

A personality trait characterized by an appreciation for art, emotion, adventure, unusual ideas, imagination, curiosity, and variety of experience.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a high level of organization and responsibility.

Emotional Stability

A personality trait signifying the consistency of an individual's mood and temperament; opposite of high neuroticism.