The exchange of goods and services prior to money is known as ___________.

• barter

What is a monetary good?

• A good used for exchange, not for consumption

What are some examples of an easy money?

• Shells
• Beads
• Fiat

What do we look for when looking at the scarcity of a monetary good?

• A limited supply

What are some key traits of a monetary good?

• Portability
• Divisibility
• Acceptability

What does censorship-resistant money look like?

• No one party can censor any users

What are the objectives of a good money?

• Store of value
• Unit of account
• Medium of exchange

If a monetary good can be used to price other goods, it is considered a successful ___________.

• unit of account

If a monetary good can be stored for a long period of time without losing value, it is a good ________________.

• store of value

Our current money is _____ money.

• fiat