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# Economist: Money, no matter what its form and in almost

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Manager
Joined: 04 Apr 2008
Posts: 215

Kudos [?]: 39 [1], given: 3

Location: Pune
Economist: Money, no matter what its form and in almost [#permalink]

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16 Jul 2008, 09:21
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Economist: Money, no matter what its form and in almost every culture in which it has been used, derives its value from its scarcity, whether real or perceived.
Anthropologist: But cowrie shells formed the major currency in the Solomon Island economy of the Kwaraae, and unlimited numbers of these shells washed up daily on the beaches to which the kwaraae had access.

Which one of the following, if true, about the Kwaraae, best serves to resolve the apparently conflicting positions cited above?

(A) During festivals they exchanged strings of cowrie-shell money with each other as part of a traditional ritual that honored their elders.

(B) They considered porpoise teeth valuable, and these were generally threaded on strings to be worn as jewelry.

(C) The shells used as money by men were not always from the same species of cowrie as those used as money by women.

(D) They accepted as money only cowrie shells that were polished and carved by a neighboring people, and such shell preparation required both time and skilled labor.

(E) After Western traders brought money in the form of precious-metal coins to the Solomon Islands, Cowrie-shell money continued to be used as one of the major media of exchange for both goods and services.
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Kudos [?]: 39 [1], given: 3

 Economist GMAT Tutor Discount Codes e-GMAT Discount Codes Magoosh Discount Codes
Director
Joined: 10 Sep 2007
Posts: 934

Kudos [?]: 341 [0], given: 0

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16 Jul 2008, 09:36
IMO D.
It is not any shell that is used, only select few that are polished is used. So every body will not have access to it.

Kudos [?]: 341 [0], given: 0

Director
Joined: 01 Jan 2008
Posts: 618

Kudos [?]: 198 [0], given: 1

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16 Jul 2008, 18:15
straight D

Kudos [?]: 198 [0], given: 1

Director
Joined: 14 Aug 2007
Posts: 726

Kudos [?]: 212 [0], given: 0

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16 Jul 2008, 22:13
another D

Kudos [?]: 212 [0], given: 0

Senior Manager
Joined: 03 Dec 2012
Posts: 330

Kudos [?]: 180 [0], given: 291

Re: Economist: Money, no matter what its form and in almost [#permalink]

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31 Oct 2013, 22:03
Its a straight D. lol apurva1985 I must say yours is by the far the best profile pic I have seen on gmatclub. Kudos to you.

Kudos [?]: 180 [0], given: 291

Re: Economist: Money, no matter what its form and in almost   [#permalink] 31 Oct 2013, 22:03
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