Which of the following statements is true of commodity money?
A. The manufacturing cost is cheaper than that of fiat money.
B. Large quantities of commodity money may not be portable.
C. ?The most common example of commodity money is paper currency.
D. ?Commodity money has value because it is decreed by the government.
Answer: B
You might also like to view...
The inventory accounts used in a manufacturing business are
a. merchandise, materials, and work in process. b. materials, work in process, and finished goods. c. merchandise, materials, and finished goods. d. merchandise, work in process, and finished goods.
A _____ sample is a sample in which every element in the population has a known statistical likelihood of being selected
a. quota b. probability c. judgment d. convenience
Affirmative action programs encourage the use of quotas to attain hiring goals
designed to provide advantages to historically disadvantaged groups. a. True b. False
Various studies have found that only two specific benefits curtailed employee turnover, namely ________ and ________.
A. pensions; medical coverage B. retirement benefits; paid vacations C. vacation days; dental plans D. profit-sharing plans; life insurance