An item that people can use to transfer purchasing power from the present to the future is called
A) a medium of exchange.
B) a unit of account.
C) a store of value.
D) None of the above is correct.
Correct Answer:
Verified
Q14: Which of the following functions of money
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A)backed by gold.
B)the principal type
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A)liquid,but not a store of
Q43: Currently,U.S.currency is
A)fiat money with intrinsic value.
B)fiat money
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A)currency.
B)demand deposits.
C)traveler's checks.
D)All of the above
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A)a medium of exchange.
B)counted as
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A) the most liquid asset and
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