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all of the following are necessary criteria for a commodity to function as money exc 637820

1) For a commodity to function effectively as money it must be

A) easily standardized, making it easy to ascertain its value.

B) difficult to make change.

C) deteriorate quickly so that its supply does not become too large.

D) hard to carry around.

2) All of the following are necessary criteria for a commodity to function as money except

A) it must deteriorate quickly.

B) it must be divisible.

C) it must be easy to carry.

D) it must be widely accepted.

3) Whatever a society uses as money, the distinguishing characteristic is that it must

A) be completely inflation proof.

B) be generally acceptable as payment for goods and services or in the repayment of debt.

C) contain gold.

D) be produced by the government.

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