Stephen got his paycheque on Friday. After a good time at the ballgame on Saturday, he purchased some groceries, rented a video, and made his car payment. This illustrates the ________ function of money.
store of value
basis for banking system
medium of exchange
payment for labour
unit of account
Correct Answer:
Verified
Q5: Which of the following is contained in
Q6: Since a cow is large, bulky, and
Q7: Because meat spoils, it fails to meet
Q8: What caused the decline of barter as
Q9: If today's currency wears out it can
Q11: Which of the following is a form
Q12: An order instructing the bank to pay
Q13: Depending on the time of the year,
Q14: The expression "$1000 worth of clothes" represents
a
Q15: Because the Canadian dollar varies only slightly
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