If the prices of goods and services are stated in terms of kilograms of salt, then salt is
A) a renewable resource.
B) a medium of exchange.
C) a store of value.
D) a unit of account.
E) quasi- money.
Correct Answer:
Verified
Q4: Which one of the following items is
Q5: The higher and more unpredictable the changes
Q6: Money's function as a store of value
Q7: Which of the following best fits the
Q8: Which one of the following is not
Q10: The official definitions of money can include
Q11: The largest component of M1 is
A)personal chequable
Q12: Which one of the following is not
Q13: Which of the following is not considered
Q14: Using a credit card can best be
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