205.1 Lesson - convergingOnGold

Screen: convergingOnGold

Headline: Convergence on Gold

Reward: 2

Text: From all monetary metals, the free market ultimately chose gold as a form of money because it has two important qualities that keep its value stable over long periods of time and across many regions of the world:

1) Gold cannot be destroyed, and

2) Gold cannot be made from other materials.

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QUIZ

Question: Why did the free market choose gold as a form of money?

Answer: Because it cannot be destroyed or synthesized from other materials.

Feedback: Exactly. It's interesting to think about how the qualities of different materials, such as gold's durability and rarity, can make them more valuable and desirable as a form of money. Good job

Correct: true

Answer: Because it is abundant and easy to find.

Feedback: Sorry, looks like you got it backwards! Better luck with your next guess

Correct: false

Answer: Because it is the most attractive and visually appealing metal.

Feedback: Wrong! While gold may have a certain aesthetic appeal, it's ultimately its functional qualities that make it a valuable form of money. Better luck with your next answer.

Correct: false