Problem
1. What comprises the wealth of: (a) households? (b) firms?
2. For a short time, in the early years of the British settlement of Australia (the 1790s), rum was used as a currency. What advantages and disadvantages does rum have as a commodity money?
3. What is the significance of the word ‘ready' in the term ‘ready money'?
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.