February 28, 2017

Homework Help: Econ

Posted by Andrea on Sunday, February 8, 2009 at 12:41pm.

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?

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