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22 January, 06:56

If mollusk shells were accepted as a method of payment in modern-day markets, what economic role would they play in the financial system?

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  1. 22 January, 08:36
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    medium of exchange

    Explanation:

    Mollusk shells would probably be used as a medium of exchange, but cannot be considered money. In order for mollusk shells to be considered money, they have to serve the four functions of money:

    serve as a unit of account serve as a store of value serve as a medium of exchange serve as a standard of deferred payment.
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