When we use money to purchase goods and services, we are using money as a
A) store of value.
B) unit of account.
C) reserve of wealth.
D) medium of exchange.
E) bartering tool.
Correct Answer:
Verified
Q12: Money serves as a
A) means of payment,
Q13: Money is used as a _ when
Q14: What is a problem with barter that
Q15: M1 is composed of
A) traveller's cheques, credit
Q16: Electronic cash (or e-cash), like Bitcoin,
A) is
Q18: When you use a credit card to
Q19: Fiat money means
A) that the money can
Q20: Credit cards are
i. a generally accepted form
Q21: A bank's desired reserve ratio is
A) the
Q22: A public authority that provides banking services
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