Asked by Andrea
There are several features people would like money to possess (portability, durability etc.) Name two features or aspects of money that explain why diamonds do not serve as money in most countries.
Acceptability- most countries just don't accept it.
Stability- because diamonds are not homogeneous.
Would you say my answers are reasonable?
Acceptability- most countries just don't accept it.
Stability- because diamonds are not homogeneous.
Would you say my answers are reasonable?
Answers
Answered by
economyst
Both answers are reasonable. Stability is certainly more important than acceptability.
Nearly fixed supply is another reason.
Another reason is that diamonds are cannot be adjusted and re-adjusted in size. etc.
Nearly fixed supply is another reason.
Another reason is that diamonds are cannot be adjusted and re-adjusted in size. etc.
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