Suppose a group of people decided to set up their own economic system with cartons of milk serving as money. If we decided to use this "liquid asset" as our medium of exchange and all prices were measured in cartons of milk, milk would still not be a good form of money mainly because it would not be a good:

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Milk would not be a good store of value because it spoils easily and cannot be stored for long periods of time without refrigeration. This means that its purchasing power would decrease rapidly over time, making it a poor choice as a form of money. While it could serve as a medium of exchange and a unit of account, it would not be a good store of value. Additionally, it would not be considered a "near-money" because it is not a financial instrument that can be easily converted into cash or used as collateral.

Suppose a Group of People Decided to Set Up Their