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In a remote village, a person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes. for what purpose did this person use the money?

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ayokenny2001

The purpose why the person use the money is for medium of exchange.

What is money?

Money is a legal tender, approved by the government of a country as a means of exchange. Money is used to pay for services received and also for the purchase of goods.

Characteristics of money are:

  • Store of value
  • Medium of exchange
  • Unit of account

Hence, the purpose why the person use the money is for medium of exchange.

Learn more about money here: https://brainly.com/question/1812645

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