In the island nation of Talura, people have begun using drie…
In the island nation of Talura, people have begun using dried cacao beans as money. These beans are used in local trade and prices are quoted in beans. However, beans are perishable and subject to rot or pest damage, and large transactions require bulky sacks of beans. Using the functions of money — medium of exchange, unit of account, and store of value — analyze whether cacao beans in Talura serve each of these roles effectively. Support your analysis with evidence from the scenario.