Question

Items that groups of people use as money must be _____ to be acceptable mediums of exchange. Group of answer choices scarce, divisible, portable, and durable valuable, durable, compatible and scarce distributable, durable, comparable and valuable compatible, durable, universal, sortable portable, sortable, profitable, and divisible

Answer 1

Any sort of Items that groups of people use as money must be scarce, divisible, portable, & durable to be acceptable mediums of exchange.

What is a money?

This refers to the monetary unit that is designated by a government to serve as the basis of its currency system and into which other types of money in the country are convertible such as for comparison of standard of value.

The four function of money are:

• as a medium of exchange
• a store of value
• a unit of account
• standard of deferred payment.

Hence, any sort of Items that groups of people use as money must be scarce, divisible, portable, & durable to be acceptable mediums of exchange.

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