The correct answers are:
1. Unit of account
2. Store of value
In a less-developed economy, cattle is widely accepted as payment for goods and services. Nearly all goods and services are priced in terms of cattle; however, cows vary in quality, become less valuable with age, and are difficult to move over long distances. Which of the following functions of money do cattle provide? Select the two correct answers.(1 point)
Responses
unit of account
unit of account
uniformity
uniformity
portability
portability
store of value
store of value
medium of exchange
medium of exchange
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1 answer