Which of the following is NOT an important criterion for whether a good will be usable as a medium of exchange?
A)The good must be of standardized quality.
B)The good must be valuable relative to its weight.
C)The good must have value even if it were not being used as money.
D)The good must be durable so that value is not lost through product spoilage.

Question

Quizplus · Accepted Answer

The requirement that a good must have value even if it were not being used as money is not a necessary criterion for it to be usable as a medium of exchange. This is because the value of a good as money comes from its ability to be widely accepted as a means of payment, not from its inherent value. However, the other three criteria listed (standardized quality, valuable relative to weight, and durability) are all important for a good to be usable as a medium of exchange.

Which of the Following Is NOT an Important Criterion for Whether