In Order for a Commodity to Be Considered as Money

question 21

Multiple Choice

In order for a commodity to be considered as money, what criterion must it meet?  

• A) It must be issued by banks. 
• B) It must be declared to be currency. 
• C) It must be widely acceptable. 
• D) It must be made of something valuable.

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Definitions:

Zero Correlation

A statistical term indicating no relationship between two variables, meaning that changes in one do not predict changes in the other.

Independent Variable

In an experiment, the variable that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Dependent Variable

In research, the outcome factor that researchers measure to examine the effect of one or more independent variables.

Convenience Sample

A non-random selection of participants based on their availability and willingness to take part, not representative of the general population.