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:

Compressed

Subjected to increased pressure or compacted into a smaller volume.

New Pressure

A term potentially referring to a fresh or recently applied force per unit area, not recognized as a standard scientific term.

Gay-Lussac's Law

A gas law stating that the pressure of a given amount of gas varies directly with its absolute temperature, provided the volume is kept constant.

Temperature

A physical quantity that expresses the subjective perceptions of hot and cold, measured with a thermometer.