
Explain why Australia's currency is suitable to use as a medium of exchange.
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q33: Among potential stores of value, money:
A)offers the
Q34: Why must money serve as a store
Q35: Governments in the world today issue fiat
Q36: When employees receive their wages after they
Q37: Gold is an example of:
A)commodity money.
B)fiat money.
C)barter
Q39: Why is gold not a good medium
Q40: In Australia, currency includes:
A)gold, silver and paper
Q41: M1 includes:
A)currency plus demand deposits in banks.
B)currency
Q42: 'Broad money' is usually less than M3
Q43: When Gina Rinehart is described as 'the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents