For a Commodity to Function Effectively as Money It Must

question 77

Multiple Choice

For a commodity to function effectively as money it must be

• A)easily standardized,making it easy to ascertain its value.
• B)difficult to make change.
• C)deteriorate quickly so that its supply does not become too large.
• D)hard to carry around.

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Definitions:

Skin Effect

The tendency of electrons to move toward the outside of a conductor in an AC circuit.

High-frequency

Refers to electromagnetic waves with frequencies much higher than those audible to humans, often associated with radio frequencies and microwave communications.

In Phase

A condition that occurs when voltage and current reach all peak values at the same time.

Out of Phase

A condition where two waveforms of the same frequency are not aligned in time, resulting in a phase difference.