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Economics - Financial Markets
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Why is divisibility an important characteristic of money? a. it would be hard to use money if you always had to use exact change (i think its this) b. it would be annoying if you could not exchange money in foreign countries. c. money would lose its value if there were an unlimited supply. d. money would have no value if it could not be exchanged for gold. Why would commodity money be ard to use in most societies? a. it is not backed by the government b. it cannot be used to pay taxes c. it is not valuable in and of its self d. it is often not portable, durable, or divisible
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