Question

Throughout history, all sorts of interesting things have been used as money, including fresh fish and cattle. Fresh fish is not an effective form of money. What essential characteristic of money does fresh fish lack that most makes it ineffective?
a. Stackablity
b. Allocated by the government
c. Unit of account
d. Store of value
e. Medium of exchange

Answer 1

Answer:

e. Medium of exchange

Explanation:

• The most important quality of money for both fish and cattle are the exchange tools, that is, one factor that helps in determining the exchange rate of various products. For the lack of symmetry, separation, portability, etc.,
• both cannot be used for this purpose.
• Two items can be allocated by the government, used in stock value, stocked, and used as two account units.