Which of the following best illustrates the medium of exchange function of money?
A) The price of a new car is $25,000.
B) A penny saved is a penny earned.
C) A person owes $10,000 on his or her credit card.
D) You pay $3 to purchase a bag of apples.
Correct Answer:
Verified
Q3: The number of units of one good
Q4: Which of the following statements about M1
Q5: moneys primary role in the economy comes
Q6: The following are all functions of money
Q7: In economics,money refers to
A)income.
B)wealth.
C)assets used and accepted
Q9: A good that is used as a
Q10: Which of the following statements about M1
Q11: In some countries,prices in stores are listed
Q12: Which of the following measures is the
Q13: M2 does not include
A)Treasury bonds.
B)passbook savings accounts.
C)small-denomination
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