What is a major drawback in the use of gold bars as money? -They are not easily divisible. -They are not sufficiently scarce. -They are not recognizable. -They are not durable.
What is a major drawback in the use of gold bars as money? -They are not easily divisible. -They are not sufficiently scarce. -They are not recognizable. -They are not durable.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
Section: Chapter Questions
Problem 13QP
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What is a major drawback in the use of gold bars as money?
-They are not easily divisible.
-They are not sufficiently scarce.
-They are not recognizable.
-They are not durable.
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