Question
Suppose Canada makes baby beavers their legal currency. Surprisingly, everyone accepts baby beavers as payment and can be used to settle debts. Baby beavers
Suppose Canada makes baby beavers their legal currency. Surprisingly, everyone accepts baby beavers as payment and can be used to settle debts. Baby beavers are also the preferred method to compare good values. However, when the baby beavers grow up to adult beavers, they lose all their value. What is the one issue with using baby beavers as money in this situation? Poor store of value Poor medium of exchange. Poor standard of deferred payment Poor unit of accounting
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Statistics For Business And Economics
Authors: Paul Newbold, William Carlson, Betty Thorne
8th Edition
0132745658, 978-0132745659
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