2. Which of the following is not a characteristic of money? a. It provides a way to...

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2. Which of the following is not a characteristic of money?

a. It provides a way to measure the relative value of goods and services.

b. It is always backed by something of high intrinsic value, such as gold or silver.

c. It is generally acceptable as a medium of exchange.

d. It allows for saving and borrowing.

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Economics For Today

ISBN: 9781594632914

6th Edition

Authors: Irvin B. Tucker

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