An Advantage of Credit Money Is

question 67

Multiple Choice

An advantage of credit money is

• A) elasticity of supply.
• B) default risk.
• C) indivisibility.
• D) none of the above.

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Definitions:

Botswana

A landlocked country located in Southern Africa, known for its stable democracy, natural beauty, and rich diamond mines.

Opportunity Costs

The cost of foregone alternatives; the benefits one misses out on by choosing one option over another.

Nations

Politically organized territories with defined borders, a common government, and a shared cultural or historical identity.

Technologies

Encompasses the collection of techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation.