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Although the demand for bitcoin varied considerably over time, Hazlett and Luther found that the demand for bitcoin was: comparable to that of governmenteissued monies. superior to all govemment-issued monies. not comparable to that of government-issued monies. inferior to all government-issued monies. Question 4 In a simple barter economy, each trader face the problem of finding a trading partner with preferences and endowments reciprocal to his own. This has come to be known as the problem of finding a mutual: coincidence of wants coincidence of supplies discordance of supplies discordance of wants Question 5 1pts money is an asset for its holder but not a liability of, or financial claim against, anyone else. Inaide Outside Mutual Circulating BQzil's Unidad Real Valor (URV) is an example of a money medium of exchange store of value unit of account Question 7 A. money is a good that is used as money. It has both monetary and non-monetary uses. Historical examples include gold, silver, and salt. fiat inside outside commodity Question 8 1pts A money is an item that has no use apart from serving as a commonly accepted medium of exchange. Modern examples include the dollar, euro, and renminbi. fiat inside loutside commodity courts are requin to recognize the item as satisfactory payment When a government confers of any monetary debt, and might settle disputes by requiring payment in the item. Unlike a it does not require the item be accepted in spot market transaction. forced money law; legal tender status legal tender status; forced money law publicly receivable; legal tender status publicly receivable; forced money law Question 10 1 pts One problem with the state theory of money is that: governments cannot determine the medium of exchange. it requires accepting that someone recognized the potential of money before money had ever existed. it assumes government officials act in the best interest of society. it assumes government officials are self-serving