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Prisoners Sometimes Determine a Single Good to Be Used as Money

Question 152

Multiple Choice

Prisoners sometimes determine a single good to be used as money. This good becomes


A) a medium of exchange and a unit of account.
B) a medium of exchange, but not a unit of account.
C) a unit of account, but not a medium of exchange.
D) neitehr a unit of account nor a medium of exchange.

Correct Answer:

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