Prisoners sometimes determine a single good to be used as money.This good becomes
A)a medium of exchange and a unit of account.
B)a medium of exchange,but not a unit of account.
C)a unit of account,but not a medium of exchange.
D)neither a unit of account nor a medium of exchange.

Question

Quizplus · Accepted Answer

A medium of exchange is something that is accepted as payment for goods and services, while a unit of account is a standard measure of value used to price goods and services. The good that prisoners use as money would serve both functions, making it a medium of exchange and a unit of account.

Prisoners Sometimes Determine a Single Good to Be Used as Money.This