Rank the following items based on how well it would perform the functions of money. Take into consideration how well the item would serve as a medium of exchange, a store of value, and a unit of account. Also consider portability, uniformity, acceptability, durability and stability in value.

• Salt [ Select ] ["4", "2", "5", "3", "1"]
• Large stone wheels [ Select ] ["3", "2", "4", "1", "5"]
• Cattle [ Select ] ["3", "4", "2", "5", "1"]
• Gold [ Select ] ["1", "5", "4", "2", "3"]
• Copper coins [ Select ] ["5", "2", "3", "4", "1"]

b) Which main characteristic (if any) is violated by each item? Consider portability, uniformity, acceptability, durability and stability in value.

[Note: More than one characteristic could be violated but you are required to select the main one. Meaning which one would most affect teh items abaility to serve as money]

• Salt [ Select ] ["acceptability", "all are satisfied", "all are violated", "durability", "stability in value", "portability", "uniformity"]
• Large stone wheels [ Select ] ["uniformity", "portability", "acceptability", "stability in value", "durability", "all are violated", "all are satisfied"]
• Cattle [ Select ] ["durability", "uniformity", "stability in value", "portability", "all are satisfied", "acceptability", "all are violated"]
• Gold [ Select ] ["uniformity", "acceptability", "all are violated", "durability", "all are satisfied", "portability", "stability of value"]
• Copper coins [ Select ] ["stability of value", "uniformity", "portability", "durability", "acceptability", "all are violated", "all are satisfied"]

Answer rating: 100% (QA)

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