Cocoa as an Early form of Money in the Economic Sense: Satisfying Store of Value, Unit of Account and Medium of Exchange Requirements

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Title	Cocoa as an Early form of Money in the Economic Sense: Satisfying Store of Value, Unit of Account and Medium of Exchange Requirements
Authors	Gentle, P.
ORCID
Keywords	визначення грошей определение денег defining money какао cacao Мезоамерика Mesoamerica
Type	Article
Date of Issue	2021
URI	https://essuir.sumdu.edu.ua/handle/123456789/86696
Publisher	Sumy State University
License	Creative Commons Attribution 4.0 International License
Citation	Paul F. Gentle. (2021). Cocoa as an Early form of Money in the Economic Sense: Satisfying Store of Value, Unit of Account and Medium of Exchange Requirements. SocioEconomic Challenges, 5(4), 90-97. https://doi.org/10.21272/sec.5(4).90-97.2021
Abstract	This article examines the special case of cocoa in different parts of Mesoamerica, as it was used for an additional purpose, besides providing for nutritional needs of people, as well as for religious and other ceremonies. When confidence in a system of currency with coins is present, this more conventional form of money takes precedence. A respected economic form of currency which may include paper and coins or accounts thereof, has all three elements of money: a medium of exchange, a store of value and as a unit of account. In this article, the concept of value includes subjective value, what people have in terms of pleasure and displeasure in regard to owning and seeing a particular object.
Appears in Collections:	SocioEconomic Challenges (SEC)