Camels Have Been Used as Money

question 14

Multiple Choice

Camels have been used as money. Which function of money would this type of money perform least well?

• A) Medium of exchange
• B) Unit of accounting
• C) Store of value
• D) Standard of deferred payment

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Definitions:

Illegal

Activities or actions that are prohibited by law and subject to penalties.

Predatory Pricing

Charging a very low price for a product with the intent of driving competitors out of business.

Deceptive Pricing

A misleading business practice where the price advertised is not fully transparent, leading consumers to believe they are paying less than the actual cost.

Price Discrimination

A pricing strategy where a company charges different prices for the same product or service based on various criteria like customer location, purchasing power, or quantity bought.