In many stores in Canada, U.S. currency is accepted for payment because the retailers know that their suppliers and other customers will also accept it. In this example, money serves as a
A) medium of exchange.
B) measure of exchange.
C) store of value.
D) foreign exchange currency.
E) measure of value.

Question

Quizplus · Accepted Answer

The fact that U.S. currency is accepted as payment in Canadian stores demonstrates that it is functioning as a medium of exchange, allowing buyers and sellers to engage in transactions.

In Many Stores in Canada, U