Multiple choice

Which of the following is one requirement for an acceptable median of trade?

  1. Accepted by everyone

  2. Backed by a reserve of gold or silver

  3. Not easily destroyed

  4. Made of gold or silver
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

For any item to serve effectively as a medium of exchange (misspelled as 'median of trade' in the question), it must be widely accepted by everyone in the society as payment for goods and services.

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