Select all that applyFor what two reasons has gold been trusted since ancient times as a way for people to store, exchange, and measure value?Multiple select question.its convenienceits purityits ability to earn interestits scarcity
Question
Select all that applyFor what two reasons has gold been trusted since ancient times as a way for people to store, exchange, and measure value?Multiple select question.its convenienceits purityits ability to earn interestits scarcity
Solution
The two reasons why gold has been trusted since ancient times as a way for people to store, exchange, and measure value are:
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Its purity: Gold is a noble metal, which means it does not corrode or tarnish like other metals. This makes it a reliable form of wealth that can be stored for a long time without losing its value.
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Its scarcity: Gold is a finite resource. It is not easy to find and extract, which makes it rare and valuable. This scarcity has made it a trusted medium for storing and exchanging value since ancient times.
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