Problems with the Use of Commodity Money Include All of the Following

question 17

Multiple Choice

Problems with the use of commodity money include all of the following except

• A) it is expensive to produce.
• B) there is an opportunity of fraud in the production of commodity money.
• C) bits could be clipped off coins and melted down without detection.
• D) it carries a high opportunity cost because the commodity could not be diverted from other uses.
• E) there are several good substitutes.

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Definitions:

Locus Of Control

A psychological concept that refers to individuals' beliefs about the extent to which they have control over the events in their lives.

External Environment

The outside factors and forces that can impact an organization’s performance, including economic, technological, legal, and cultural aspects.

Self-concept

An individual's perception of themselves, including their beliefs about their abilities, appearance, and personality.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires.