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The six characteristics of money are; durability, portability, divisibility, uniformity, limited supply and acceptability. true or false?
true The six characteristics of money are; durability, portability, divisibility, uniformity, limited supply and acceptability.
Expert answered|cacaides|Points 110|
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Asked 5/22/2013 3:59:36 PM
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Penny is an artist, and John is a carpenter. Penny agrees to paint a portrait of John’s family in exchange for a handmade table created by John. How did Penny and John pay for the goods in their transaction? a. using a store of value c. through bartering b. with money d. with currency
Weegy: Penny and John paid for the goods in their transaction: c. through bartering. User: In the 1800s, people in mining towns in the West often paid for goods with gold nuggets or gold dust. What was the function of gold? a. It was used as part of a barter system. b. It was used as a currency. c. It was used as representative money. d. It was used as fiat money. Weegy: It was used as a currency. User: Which of the following correctly ... (More)
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Asked 5/22/2013 2:50:38 PM
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In the 1800s, people in mining towns in the West often paid for goods with gold nuggets or gold dust. What was the function of gold? a. It was used as part of a barter system. b. It was used as a currency. c. It was used as representative money. d. It was used as fiat money.
Weegy: It was used as a currency. User: Which of the following is an example of representative money? a. a fur coat c. gold earrings b. diamonds d. an IOU note Weegy: IOU note is an example of representative money. (More)
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Asked 5/22/2013 3:46:47 PM
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