Which of the Following Properties Should a Commodity Have to Be

question 106

Multiple Choice

Which of the following properties should a commodity have to be considered as money?

• A) It should be scarce and rare.
• B) It should be perishable.
• C) It should be indivisible.
• D) It should be unpredictable in value.
• E) It should be homogenous in nature.

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Definitions:

Assignment

The transfer of a contract right from one person to another.

Frustration of Purpose

A legal defense allowing parties to terminate a contract when an unforeseen event undermines the contract's principal purpose, rendering it impossible to fulfill.

Doctrine

A belief or set of beliefs held and taught by a church, political party, or other group.

Intention

A psychological state involving a commitment or determination to carry out a specific action or achieve a specific outcome.