Which of the following is NOT one of the criteria for a commodity to serve as money?
A) The commodity must be durable.
B) The commodity must be accepted by many people as money.
C) The commodity must be issued as currency or coin.
D) The commodity must be standardized.

Question

Quizplus · Accepted Answer

While a commodity can be issued as currency or coin, it is not a necessary criterion for it to serve as money. Many commodities, such as gold or silver, have historically been used as money without being officially issued as currency or coin by a government.

Which of the Following Is NOT One of the Criteria