Why is providing a medium of exchange an important role of money?
A) It makes the economy much more efficient by reducing transaction costs.
B) It helps the government tax its citizens.
C) It allows consumers to more easily compare different transactions.
D) It provides a long-term place to store value.
Correct Answer:
Verified
Q5: Assets regularly used to purchase goods and
Q6: We say that money is a unit
Q7: Money can serve as a(n):
A) valuation tool.
B)
Q8: When deciding what to use as money,
Q9: We say that money is a medium
Q11: We use paper money instead of gold
Q12: Why aren't avocados a good source of
Q13: When deciding what to use as money,
Q14: Money is:
A) the set of all assets
Q15: Money has replaced the need to barter,
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