Question

4.Consider a hypothetical economy in which rice functions as money. In addition to being valued as money, rice is valued as a consumer good. In this scenario, rice is said to be
representative money
commodity money
currency
fiat money

Answer 1

I just took the quick check properties if money their all right :))

1. Sarah trades her apple for aves bag of chips

2. Medium exchange

3. commodity money

4. a price of other lunch items is
expressed in quantities of pudding
cups

5. a U.S doller does not represent a claim to some specific assets

Answer 2

Noah from outer space is correct :)