Related to the Economics in Practice on p. 189: 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 make a purchase would categorize them as a medium of exchange, which is defined as anything used to facilitate transactions between buyers and sellers. A store of value refers to something that can be saved and used later as a form of wealth, such as gold. A unit of account is a measurement of value for goods and services, such as a dollar. Legal tender refers to currency that is recognized by law as being valid for payment of debts.

Related to the Economics in Practice on P