Throughout history, all sorts of interesting things have been used as money, inc

Question

Throughout history, all sorts of interesting things have been used as money, including fresh fish and cattle. Fresh fish is not an effective form of money. What essential characteristic of money does fresh fish lack that most makes it ineffective? Stackablity Allocated by the government Unit of account Store of value Medium of exchange Cattle is not an effective form of money. What essential characteristic of money does cattle lack that most makes it ineffective? Store of value Medium of Exchange Unit of account Stackability O Allocated by the government

Explanation / Answer

Fresh fish cannot be used as Store of value since the value can not be stored for longer period of time. Freshness is short term and difficult to preserve it for longer period of time.

Cattle can be used as unit of account and store of value but it is not successful when it comes to the medium of exchange. One bowl of wheat can be exchanged for one cattle or cattle can not be exchanged in pieces.

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