When Tara visited Canada recently,she made sure she had some Canadian currency on hand in order to buy things.In this sense,she was using the currency as a ________.
A) medium of exchange
B) store of value
C) unit of account
D) loanable fund

Question

Quizplus · Accepted Answer

Tara was using Canadian currency as a medium of exchange, meaning she was using it to purchase goods and services in Canada. A store of value refers to an asset that can be saved and used for future purchases, while a unit of account is a agreed-upon standard for measuring the value of goods and services. Loanable funds refer to the supply of and demand for funds available for borrowing.

When Tara Visited Canada Recently,she Made Sure She Had Some