Question

The podcast states that "veskels", IOU’s from the Russian company Gazprom, satisfied all three characteristics of money. Which characteristic of money did "veksels" satisfy more effectively compared to bricks? Group of answer choices Store of value Unit of account Easy means of exchange

Answer 1

Veksels satisfied the characteristic of money referred to as an easy means of exchange more effectively compared to bricks.

Step-by-step explanation:

Veksels satisfied the characteristic of money referred to as an easy means of exchange, more effectively compared to bricks.

An easy means of exchange refers to the ability of money to be readily accepted and used in transactions.

Veksels are IOU's from the Russian company Gazprom that can be easily transferred and exchanged for goods and services.

On the other hand, bricks do not have the same level of ease in exchange as they are not widely accepted as a form of payment and are not commonly used in transactions.