Which of the Following Is/are Desirable Attributes of a Medium

question 7

Multiple Choice

Which of the following is/are desirable attributes of a medium of exchange?

• A) edibility
• B) elasticity of demand
• C) divisibility
• D) all of the above

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Definitions:

Circular Reasoning

A logical fallacy where the conclusion of an argument is assumed in one of the premises, without real proof.

Bandwagon Fallacy

A logical fallacy that suggests something is true or good solely because it is popular or everyone else is doing it.

False Analogy

A logical fallacy in which two objects or events being compared are relevantly dissimilar in the context of the argument made.

Ethical Decision Making

The method of assessing and selecting between options in a way that aligns with ethical standards.