How would the development affect the us monetary system


Problem

Consider how the following situations would affect the economy's monetary system.

a. Suppose that the people on Yap discovered an easy way to make limestone wheels. How would this development affect the usefulness of stone wheels as money? Explain.

b. Suppose that someone in the United States discovered an easy way to counterfeit $100 bills. How would this development affect the U.S. monetary system? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: How would the development affect the us monetary system
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