Question

Jack agrees to sell Tyler his pocketknife for 3 baseball cards. Tyler sells his soccer ball for 2 baseball cards. In what way are baseball cards used in this example?

In this example, baseball cards are used as a.... ( it doesn't give me answer choices but im stuck. Econ and personal finance is not my thing).

Answer 1

medium of exchange

Hope this helps!

Answer 2

The answer is a means of payment.

Tyler accepts baseball card as payment and uses them as payment, then his is using them as means of payment, such as you might use bills, coins, cheques, etc.