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a) Rank the following items based on how well it would perform the functions of money. Take into consideration how well the item would serve
a) Rank the following items based on how well it would perform the functions of money. Take into consideration how well the item would serve as a medium of exchange, a store of value, and a unit of account. Also consider portability, uniformity, acceptability, durability and stability in value. Salt 3 Large stone wheels 5 Cattle 4 Gold 1 Copper coins 2
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
10th Edition
1305793196, 978-1305793194
