John received an income tax refund of £500 in May 2012. He put this money in a shoebox in his wardrobe so that he could spend it on his holiday to Ibiza in July 2012. This is an example of money serving as
A) a store of value.
B) an investment good.
C) a unit of account.
D) a medium of exchange.
Correct Answer:
Verified
Q1: The direct exchange of goods and services
Q2: Which of the following statements is not
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Q5: An item used as money that also
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Q7: A retail bank
A) specialises in providing hire-
Q8: Which of the following refers to a
Q9: Maturity transformation can be defined as
Q10: A time deposit in a bank is
Q11: Which of the following defines a certificate
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