Asked by Tmobile Oakland on May 02, 2024
Verified
One characteristic of cattle that makes them unsuitable as a medium of exchange is that they are not easily divisible.
Medium of Exchange
A mediating tool or mechanism designed to support the buying, selling, or exchanging of goods and services among participants.
Easily Divisible
Characteristic of a good or asset that can be divided into smaller parts without losing its value proportionately.
- Gain an understanding of how money serves as a medium of exchange, store of value, and unit of account.
Verified Answer
SE
Shawndavia EdwardsMay 02, 2024
Final Answer :
True
Explanation :
Cattle are large animals and therefore not easily divisible into smaller units for exchange.
Learning Objectives
- Gain an understanding of how money serves as a medium of exchange, store of value, and unit of account.
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