Suppose prices are quoted in dollars and transactions are conducted in pesos. The peso serves as a
A) medium of exchange.
B) unit of account.
C) store of value.
D) all of the above

Name: Suppose prices are quoted in dollars and transactions are conducted in pesos. The peso serves as a A) medium of exchange. B) unit of account. C) store of value. D) all of the above
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Question

Quizplus · Accepted Answer

The peso is used to conduct transactions, making it a medium of exchange.

Suppose Prices Are Quoted in Dollars and Transactions Are Conducted