When a baker exchanges a pie for dollars, this is an example of dollars serving as:
A) barter.
B) a medium of exchange.
C) a unit of account.
D) a store of value.
Correct Answer:
Verified
Q5: When money is used as a means
Q6: When money is the basic measure of
Q7: Double coincidence of wants is avoided if
Q8: If you use $1,000 to purchase silver
Q9: When money is used to purchase goods
Q11: Barter is:
A)the direct trade of goods and
Q12: Money serves as a store of value
Q13: Money serves as a medium of exchange
Q14: Money serves as a basic yardstick for
Q15: If you put a $20 bill in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents