Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)

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minorfamily2019 minorfamily2019

13-10-2021
Business

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Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)

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jaquelinefvr jaquelinefvr · Answer 1 · 2021-11-30T12:05:33+01:00

The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.

Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.

Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.

Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.

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IAMTHEAIDS IAMTHEAIDS · Answer 2 · 2022-03-24T01:20:30+01:00

IAMTHEAIDS IAMTHEAIDS

24-03-2022

Answer:

Medium of exchange

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Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and services. In this case, gold is functioning as an) (1 point)

Respuesta :

Otras preguntas

Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)