An ancient, isolated society needs to establish a form of money using a physical good. For this good to be successful, it must be widely accepted for trade, maintain its worth over long periods, and provide a consistent way to price other goods. Based on these requirements, which of the following items would be the LEAST effective choice to serve as money?
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An ancient, isolated society needs to establish a form of money using a physical good. For this good to be successful, it must be widely accepted for trade, maintain its worth over long periods, and provide a consistent way to price other goods. Based on these requirements, which of the following items would be the LEAST effective choice to serve as money?
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