If Bananas Were Used as Money,which of the Following Functions

question 33

Multiple Choice

If bananas were used as money,which of the following functions of money would be the hardest for bananas to satisfy?

• A) unit of account
• B) store of value
• C) divisibility
• D) medium of exchange

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Definitions:

Bromides

Commonplace remarks or clichés that lack originality or interest.

Platitudes

Overused statements or cliches that often lack originality or significance.

Pareto Efficient Allocation

A situation in economic theory where resources are allocated in such a way that it is impossible to make any one individual better off without making at least one individual worse off.

Pareto Optimal Allocation

A resource distribution scenario where no individual can be made better off without making at least one individual worse off.