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Problems
Problem 1.1:
Describe the basic functions of money.
[Solution]
Problem 1.2:
Describe the basic types of money.
[Solution]
Problem 1.3:
Could milk be used as a form of money? Why or why not?
[Solution]
Problem 1.4:
Could diamonds be used as a form of money? Why or why not?
[Solution]
Problem 1.5:
What element is most important to the successful implementation
Of fiat money?
[Solution]
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