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System of using the rai stones

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Question

1) According to the definition of money and its functions, what strengths and weaknesses are there with the system of using the Rai stones as money?

2 ) Imagine that a giant tsunami came in and swept some of the Rai stones away into the ocean. What would be the immediate on the "market for Rai" ( the market on Yap)? What would happen to prices on Yap? Why?

Reference no: EM132337114

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