Characteristic of Gold That Is Most Important to the Success

question 10

Multiple Choice

characteristic of gold that is most important to the success of a gold standard is that it is

• A) portable
• B) storable
• C) easily standardized
• D) expensive to produce as well as universally acceptable

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Definitions:

Bilateral Contract

A contract type involving two parties where each promises to perform an act in exchange for the other party's act.

Consideration

In contract law, this refers to something of value exchanged between parties as part of an agreement.

Enforceable

Describes a legal agreement or obligation that can be upheld or compelled through legal processes.

Offeree

The person or entity to whom an offer is made, which can be accepted, resulting in a binding contract.