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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

The Bring it Home Feature discusses the use of cowrie shells as money. Although we no longer use cowrie shells as money, do you think other forms of commodity monies are possible? What role might technology play in our definition of money?

To determine

The possibility of using other forms of commodity monies and the role of technology in defining the money is to be determined.

Explanation

As the economy grows, the use of commodities became less and money came in the picture. All people must accept money to buy or sell goods or services because at present it is only mode...

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