Which of the Following Criteria Would Make Gold a Poor

question 67

Multiple Choice

Which of the following criteria would make gold a poor medium of exchange?

• A)Its value depends on its purity,and its purity is not easy to visibly identify.
• B)durability so that value is not lost by spoilage
• C)value relative to its weight so that amounts large enough to be useful in trade can be easily transported
• D)divisibility because different goods are valued differently

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Definitions:

White Knight

In a corporate context, a friendly company or individual that acquires a corporation at risk of a hostile takeover.