Each of the following has been used as money at some time in the past. Comment on
Question:
a. Gold or silver
b. Cigarettes
c. Salt
d. Native American beads
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a Gold or silver is reasonably easily divisible so it acts as a unit of account Since it has an intr...View the full answer
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Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
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Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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