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If an economy uses silver as money, then that economy's money: a.serves as a store of value but...

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If an economy uses silver as money, then that economy's money: a.serves as a store of value but not as a medium of exchange. b.serves as a medium of exchange but not as a unit of account.c. is commodity money. d.has no intrinsic value.

Money:

Money is many things to many people. At its core, it's a medium of exchange and can take many forms, from cowrie shells to coins to bank notes. In its more complex stages, money takes on additional attributes. It tends to be durable, portable, divisible, uniform in size, shape and value, available in limited supply, and accepted everywhere.

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What is Money? - Definition and Types

from Economics 102: Macroeconomics

Chapter 11 / Lesson 4
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