Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
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Category > Economics Posted 29 May 2018 My Price 5.00

Kids trade items

Kids trade items in the school lunchroom. 

 

It is very difficult to find a pair of kids who each wants the others' food among hundreds of kids. 

 

So, the kids start trading their food away for YumPops (a popular snack that everyone will accept), and then trading the YumPops to other kids for the food they want. Since YumPops go bad after a couple hours, all are consumed by the end of the day.

 

In this case, YumPops are serving the role of:

 

Unit of Account

The Stockmarket

Medium of Exchange

Store of Value

 

Answers

Maurice Tutor
(5)
Status NEW Posted 29 May 2018 08:05 PM My Price 5.00

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