contestada

In the Yap civilization of the South Pacific prior to 1920, large, heavy stones in the shape of a wheel were used as money. Which function of money was probably least served by this form of money?

Respuesta :

jepessoa

Answer:

medium of exchange

Explanation:

The four functions of money are:

  1. Medium of exchange : money must be widely accepted and used as a means to exchange goods.
  2. Unit of account : the price of goods is set in money units.
  3. Store of value : money can be saved because it keeps its value.
  4. Standard for deferred payments: you can borrow money and pay it back at a future date.