Money Must Be ________ Which Includes the Fact That Is

question 169

Multiple Choice

Money must be ________ which includes the fact that is should ________.

• A)in physical form;not be transferable using electronic means
• B)accepted as a means of payment across countries' borders;not be fiat money
• C)generally accepted as a means of payment;be recognizable and divisible into small parts
• D)whatever is used in a barter system;transferable across countries' borders
• E)backed by gold;not decrease in value over time

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Definitions:

Norms

The accepted standards or expectations of behavior within a group or society, which guide member actions and contribute to group cohesion.

Sanctions

Measures taken by countries or international organizations to restrict certain activities or to punish non-compliance with laws or norms.

Round Robin

A method or process where participants take turns in order, allowing each person to contribute or participate equally.

Group Cohesion

The bonds that hold a group of people together, promoting unity and commitment among members.