What are the key differences between using a deerskin as money and using a dollar bill as money?
a. Using a deerskin as money incurs a much larger transactions cost because it is bigger and heavier than paper money.
b. Using a deerskin as money may not be as widely accepted as using paper money.
c. Using a deerskin as money cannot fulfill the key functions of money: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.
d. A and b only.
e. All of the above?
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Home » Business » What are the key differences between using a deerskin as money and using a dollar bill as money? a. Using a deerskin as money incurs a much larger transactions cost because it is bigger and heavier than paper money. b.