Could each of the following items potentially serve as money?

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Could each of the following items potentially serve as money?

Consider each as (1) a medium of exchange, (2) a unit of account, (3) a store of value.
a. Visa credit card
b. Federal Reserve note
c. Dog
d. Beer mug

2007-03-20 14:23:00 · 1 answers · asked by Anonymous in Social Science ➔ Economics

1 answers

Everything but the credit card. (that is one of those trick questions)

The Visa is actually worthless, just a credit instrument.

All of the other things could serve as money because they store value.

2007-03-20 15:53:47 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋