Which of the criteria for being used as money in a modern society does each of the following not meet? The criteria are (a) not rare, (b) indivisible into smaller units, (c) not durable, (d) doesn’t maintain its value over time, (e) not portable, (f) not expandable, (g) too easy to counterfeit. Items that could not be used for money. Example. Ice Cube. Why not? (c) not durable   Bowling Ball. Why not? Rare gems. Why not? Whiskey. Why not?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter14: Money And Banking
Section: Chapter Questions
Problem 3AA
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Which of the criteria for being used as money in a modern society does each of the following not meet? The criteria are (a) not rare, (b) indivisible into smaller units, (c) not durable, (d) doesn’t maintain its value over time, (e) not portable, (f) not expandable, (g) too easy to counterfeit. Items that could not be used for money.

Example.

  1. Ice Cube. Why not? (c) not durable

 

  1. Bowling Ball. Why not?
  2. Rare gems. Why not?
  3. Whiskey. Why not?
  4. Sand. Why not?
  5. Cigarette. Why not? 
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