If the government passed a law designating sea shells as money,sea shells

Question

Quizplus · Accepted Answer

Money is anything that is widely accepted as a means of payment for goods and services and as a standard of value for measuring the worth of different goods and services. If the government designates sea shells as money, they would function as money as long as they are accepted as a means of payment in exchange for goods and services. While they may have limitations in their ability to serve as a unit of account or store of wealth, they can still serve as a means of payment as long as they are accepted by parties in exchange for goods and services.

If the Government Passed a Law Designating Sea Shells as Money,sea