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Which Function of Money Is in Each of the Following

Question 201

Essay

Which function of money is in each of the following cases demonstrating?
(1)You pay $15 for a movie ticket.
(2)You deposit your tax refund check in your saving account.
(3)A restaurant manager sets the prices of meals she serves in dollars.
(4)A restaurant manager keeps $5,000 worth of cash in a safety deposit box.
(5)McDonald's announces that a Big-Mac now costs only $3.00.
(6)Bill Gates net worth is around $90 billion.

Correct Answer:

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(1)Medium of exchange.
(2)Stor...

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