Ron’s Money Preference
Ron owes a large settlement, but keeps his money stored in the form of gold and palladium. While the rest of the office thinks this is a really neat idea, they question whether he knows how much money he actually has since it’s not stored in paper money. Ron is confident in the weight of his money, but not its value.
See more: commodity money, fiat money, medium of exchange, monetary policy, money, store of value, unit of account