Question

Prisoners sometimes determine a single good to be used as money. this good becomes:____.

Answer 1

The correct answer is a medium of exchange but not a unit of account.

Prisoners sometimes determine a single well to be used as money. This good becomes a medium of exchange but not a unit of account.

• Money is anything that serves as a medium of exchange.
• Some other functions of money are to provide as a unit of account and a store of value.

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