Mathematics, 08.09.2021 23:50 WorkingButNotReally
In a less-developed economy, cattle is widely accepted as payment for goods and services. Nearly all goods and services are priced in terms of cattle; however, cows vary in quality, become less valuable with age, and are difficult to move over long distances. Which of the following functions of money do cattle provide? Select the two correct answers.
medium of exchange
portability
unit of account
uniformity
store of value
Answers: 2
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In a less-developed economy, cattle is widely accepted as payment for goods and services. Nearly all...
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