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Which of the following is an example of medium of exchange? People invest in goldbecause it stays stable over time and does not tarnish, rust

Which of the following is an example of medium of exchange?

  • People invest in goldbecause it stays stable over time and does not tarnish, rust or deteriorate.
  • A restaurant lists a price for dinner in gold coins.
  • A chicken farmer who wants a cow needs to find a cattle farmer who wants some chickens.
  • People in the Pacific Islands used cowrie shells as a form of payment for the things they wanted.

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