Inmates at the federal penitentiary at Lompoc, California, accepted packages of mackerel in exchange for goods and services. What function do these packages of mackerel perform?
A) They function as a store of value.
B) They function as a medium of exchange.
C) They function as a unit of account.
D) They function as a factor of production.

Question

Quizplus · Accepted Answer

The packages of mackerel are being exchanged for goods and services, which is the function of a medium of exchange.

Inmates at the Federal Penitentiary at Lompoc, California, Accepted Packages