3. What are two things that meet the criteria of the functions of money, but may not necessarily be what you would think of as money?

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Recall the three main roles of money, unit of account, store value, and medium of exchange. Now consider the following pairs of items that might serve as money. For both pairs, clearly indicate which item is generally superior as a type of money and indicate which role of money (one) for which it is most superior to the other item in the pair. Peaches versus raisins Stainless steel 1/8 pound (weight) cubes versus large pieces of granite

Money as a means of payments refers only to: a. Actual currency b. Coins and currency c. Coins, currency and credit cards d. Anything that is generally accepted as payment for goods and services

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