Roberta won a lottery prize of €1 million. She put the money in the bank to save it for her daughter's university education. For Roberta, money was functioning primarily as a
A) unit of account.
B) store of value.
C) means of payment.
D) type of short-term loan.
Correct Answer:
Verified
Q9: Barter exchange tends to be inefficient because
A)
Q10: If a society chooses to use fiat
Q11: Commodity money has value independent of its
Q12: Which of the following is an example
Q13: Commodity money
A) has no intrinsic value.
B) has
Q14: A double coincidence of wants
A)is required when
Q15: Money has three functions: It acts as
Q16: The money market refers to the market
Q17: If there is 100 per cent reserve
Q19: When the central bank in an economy
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