Lori wants strawberries and grows apples. Fae wants apples and makes fantastic peach pie. Suzanne wants peach pie and grows strawberries. If the three of these women get what they want, which function of money would cater most directly to their situation?
A)Medium of exchange
B)Store of value
C)Collateral
D)Loan

Question

Quizplus · Accepted Answer

In this situation, money would best suit them as a medium of exchange.
Key Takeaway: Because trading would not work in this situation, money would be best used as a medium of exchange. That way, each woman could receive money for the good that she grows or creates and pay another for what she wants. In so doing, no one would have to deal with the mismatched product interests of the other.

Lori Wants Strawberries and Grows Apples