A Major Problem with Commodity Money Is That, to Be

question 202

Multiple Choice

A major problem with commodity money is that, to be useful, money must be

• A)divisible.
• B)storable.
• C)portable.
• D)All of these responses are correct.

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Definitions:

Decide

The act of making a choice or coming to a conclusion after consideration of options or evidence.

Nonprogrammed Decisions

Decisions made in response to situations that are unique, are poorly defined, and largely unstructured.

Programmed

Describes tasks or operations that are set up to follow a predetermined sequence of operations or instructions.

Routine

A set sequence of actions regularly followed, creating a structured way of accomplishing tasks or activities.