Mia puts money into a piggy bank so she can spend it later. Which of the following functions of money does this illustrate?
A) store of value
B) medium of exchange
C) unit of account
D) wealth
Correct Answer:
Verified
Q5: Which of the following characterizes commodity money?
A)It
Q6: Which of the following is a generally
Q6: Which of the following is included in
Q8: Which of the following is a characteristic
Q9: Which of the following characterizes currency?
A)It has
Q12: Which of the following lists ranks assets
Q13: Which of the following is included in
Q13: Which of the following is the role
Q15: What does the legal tender requirement imply?
A)
Q15: Which of the following characterizes fiat money?
A)It
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