When your grandfather keeps a bundle of $100 dollar bills behind a brick in the basement, this is an example of dollars serving as:
A) bank reserves.
B) a medium of exchange.
C) a unit of account.
D) a store of value.
Correct Answer:
Verified
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
Q17: The three functions of money are:
A)spending for
Q18: Finding both parties to a trade who
Q19: The main disadvantage of using money as
Q20: Money serves as a unit of account
Q21: Commercial banks create new money:
A)when they increase
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