Related to the Economics in Practice on p.503: 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 an item as a medium of exchange means that it is being used as a means to facilitate transactions, which is precisely what is happening with the feathers in Santa Cruz. They are being used in place of a traditional currency as a means of payment for goods and services. The feathers are not necessarily serving as a store of value or unit of account, and they are not considered legal tender by any government.

Related to the Economics in Practice on P