Which of the following conditions make a good suitable for use as a medium of exchange? O A. The good must be acceptable to that is, usable by) most buyers and sellers. B. The good should be durable, valuable relative to its weight, and divisible. C. The good should be of standardized quality, so that any two units are identical. D. All of the above conditions must be met. What is fiat money?

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06-12-2022
Business

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Which of the following conditions make a good suitable for use as a medium of exchange? O A. The good must be acceptable to that is, usable by) most buyers and sellers. B. The good should be durable, valuable relative to its weight, and divisible. C. The good should be of standardized quality, so that any two units are identical. D. All of the above conditions must be met. What is fiat money?

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Tutorconsortium437 Tutorconsortium437 · Answer 1 · 2022-12-13T00:45:38-05:00

The item should be long-lasting, valuable in relation towards its mass, and divisible. A good is suitable to be used as a medium of exchange if the following conditions are met.

What exactly is meant by "exchange"?

The act of exchanging or receiving something in exchange for something else: trade. a prisoner exchange. : the process or act of replacing one item for another. : mutual wanting to give and receiving

What is a financial means of exchange?

A exchange medium is a device or system that facilitates the selling, purchase, or transfer of goods among parties. Currency is the exchange medium in modern economies.

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