The video states that people used to trade goods like wheat for other things they needed, but crops could rot, making money a more suitable medium of exchange. According to this concepts, which characteristic of money does this exemplify?

The video states that people used to trade goods like wheat for other things they needed, but crops could rot, making money a more suitable medium of exchange. According to this concepts, the characteristic of money this exemplify is called DURABILITY

Answer Link

topeadeniran2 topeadeniran2 · Answer 2 · 2020-04-22T03:25:37+02:00

Answer: Durability

Explanation:

Durability of money simply means that money should be able to last for a long period of time and must be able to withstand being used continuously. When goods were traded as money, they could get spoilt thereby reducing in value.

Money bills are durable and can be replaced easily if they become worn. Durability of money is when it can be used over and over again and survive wear and tear for long periods.

The video states that people used to trade goods like wheat for other things they​ needed, but crops could​ rot, making money a more suitable medium of exchange. According to this concepts, which characteristic of money does this​ exemplify?

Respuesta :

Otras preguntas

The video states that people used to trade goods like wheat for other things they needed, but crops could rot, making money a more suitable medium of exchange. According to this concepts, which characteristic of money does this exemplify?