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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 15
Determine whether each of the following would fulfill the three functions of money. If the item does not fulfill all three, name at least one function of money that it violates.
a. Salt.
b. The barter system.
c. Baseball cards.
a. Salt.
b. The barter system.
c. Baseball cards.
Explanation
Verified
Verified
a.Good 'Sa':
In a market, the good 'Sa'...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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