Economics · Money and Banking
For anything to be recognized as money, it primarily needs to have which of the following characteristics? 1. Act as an intermediate in the exchange process 2. Serve as a standard unit for quoting prices 3. Must be easily divisible 4. Have higher value in alternative uses Select the correct answer using the code given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 3 and 4
- 21, 2 and 3✓
- 32 and 3 only
- 41, 2 and 4
Correct answer
1, 2 and 3
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