The video states that people used to trade goods like wheat for other things they needed, but crops could rot, making money a more suitable medium of exchange. According to chapter concepts, which characteristic of money does this exemplify?

Question

Sabrina Bradshaw

Social Studies

17 January, 05:15

The video states that people used to trade goods like wheat for other things they needed, but crops could rot, making money a more suitable medium of exchange. According to chapter concepts, which characteristic of money does this exemplify?

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Answers (1)

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Timothy Gallagher · Answer 1

Durable

Explanation:

Based on the information provided within the question it can be said that this exemplifies that money is Durable. This is because unlike crops that rot and immediately lose their value in the market, money holds it's value as long as it is taken care of and intact. This is what allowed it to become the standard for exchanging value.