Using Gold as a Medium of Exchange in International Trade

question 16

Multiple Choice

Using gold as a medium of exchange in international trade was advantageous for all of the following reasons EXCEPT ________.

• A) its limited supply made it a commodity in high demand
• B) it was a good medium of exchange for both small and large purchases
• C) its weight made transporting it inexpensive
• D) it could be traded and stored for hundreds of years

---

Definitions:

Ekman

Refers to Paul Ekman, a psychologist known for his work on the facial expressions and emotions.

Shame

A painful feeling arising from the consciousness of something dishonorable, improper, or ridiculous, done by oneself or another.

Health-Care System

An organized plan of health services, including all entities that contribute to the delivery of health care to a population.

Prescription Drugs

Medications that are legally dispensed only with a medical prescription due to their potential side effects, risk for abuse, or necessity for professional supervision.