Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In order for something to be a medium of exchange, it must be: A-able to have stable purchasing power B-to be able to reduce transactions

In order for something to be a medium of exchange, it must be:

A-able to have stable purchasing power

B-to be able to reduce transactions cost

C-able to fluctuate with the economy

D-must have consumer utility

E-None

May be multiple answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

7th edition

8131725995, 8131725993, 978-8131725993

More Books

Students also viewed these Economics questions

Question

2. Value-oriented information and

Answered: 1 week ago

Question

1. Empirical or factual information,

Answered: 1 week ago

Question

1. To take in the necessary information,

Answered: 1 week ago