Gold Is a Perfect Medium of Exchange and Measure of Value

question 47

Multiple Choice

Gold is a perfect medium of exchange and measure of value because of its:

• A) divisibility, portability, and homogeneity.
• B) divisibility and durability.
• C) durability and relative scarcity.
• D) durability and homogeneity.

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Definitions:

Magma

A molten or semi-molten rock material beneath the Earth's surface from which igneous rock is formed by cooling.

Continental Crust

The relatively thick part of the Earth's crust that forms the large landmasses. It is generally older and more complex than the oceanic crust.

Elevation

The height of a point or object above a reference level, typically above sea level.

Stretched

In geological contexts, stretched refers to the extension or elongation of the Earth's crust as a result of tectonic activities, leading to the formation of features such as rift valleys.