. A history of money Aa Aa At first, it might seem that valuable commodities, su
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Question
. A history of money Aa Aa At first, it might seem that valuable commodities, such as cattle or lead bars, might be good forms of money. What makes paper money preferable to these alternatives? O It is divisible (unlike cattle) and easily portable (unlike lead bars). O It has more intrinsic value than cattle or lead. O It is less likely to be stolen. Coins were an important monetary invention because O They are intrinsically valuable if they are made from precious metals like silver or gold O They can be used in vending machines O Their value may be counted rather than measured Cattle can be used as money but can also be slaughtered for food. Cattle are an example of: O Commodity money O Electronic money O Flat money ONk 3.1& ? 2004, 2016 apli. A" nghts ,esExplanation / Answer
1. It is divisible and easily portable
Money is anything that is generally accepted as a medium of exchange. Money is used as a measure of value, used for making deferred payments, store of value.
2. They are intrisically valuable if they are made from precious metals like silver or gold.
3. Commodity money
When goods are used as a medium of exchange then it refers to commodity money.
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