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? allocated by the government store of value medium of exchange stackablity unit of account 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 stackability unit of account allocated by the government

Answer 1

Answer: Medium of exchange

Step-by-step explanation:

The most essential quality of money lacked by both Fish and Cattle is medium of exchange which implies having an item that will help in determining the rate of exchange for different products. Both cannot be used for this purpose for lack of homogeneity, divisibility, portability etc.

Both items can be allocated by the Government, used in storing value, they are stackable and can both work as units of accounts.