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In Order for Currency to Be Widely Used as a Medium

question 188

True/False

In order for currency to be widely used as a medium of exchange, it is sufficient for the government to designate it as legal tender.


Definitions:

Resource

An asset or material that can be used to produce goods or services and provide economic benefit.

Firm

A business that employs resources to produce a good or service for profit and owns and operate one or more plants.

Purchase

The act of buying goods or services, exchanging money for ownership or use rights.

MRP

Material Requirements Planning; a system for calculating the materials and components needed to manufacture a product.

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