Related to the Economics in Practice on p. 509: In Santa Cruz, the red feathers of the Scarlet Honeyeater bird were used as currency. Using feathers to make a purchase would be using the feathers as a(n)

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Using feathers as a means to exchange goods and services is known as a medium of exchange. It fulfills the basic function of money by providing a widely accepted form of payment. The feathers were used as a form of exchange because they were deemed valuable in the local society.

Related to the Economics in Practice on P