In Parts of Melanesia, Pigs Can Be Purchased Using Strings

question 53

Multiple Choice

In parts of Melanesia, pigs can be purchased using strings of shells, which cannot be used to buy any other goods or services. This is an example of __________.

• A) special-purpose money
• B) general-purpose money
• C) bartered commodities
• D) peasant money

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Definitions:

Awards Contract

A formal agreement given after a tendering process, where a party commits to providing goods or services.

Buying Center

The group of people in an organization who participate in the buying process and share common goals, risks, and knowledge important to a purchase decision.

Purchase Decision

The final decision made by a consumer after evaluating available options and deciding to buy a product or service.

Buying Center

A group of individuals within an organization who are involved in the process of making a purchasing decision.