Kevin purchasing concert tickets with a $100 bill is an example of the ________ function of money.
A) medium of exchange
B) unit of account
C) store of value
D) specialization
Correct Answer:
Verified
Q21: Patrick places his pocket change into his
Q22: For a commodity to function effectively as
Q23: All but the most primitive societies use
Q24: Dennis notices that jackets are on sale
Q25: In a barter economy the number of
Q27: Because it is a unit of account,money
A)increases
Q28: When economists say that money promotes _,they
Q29: All of the following are necessary criteria
Q30: Money _ transaction costs,allowing people to specialize
Q31: As a store of value,money
A)does not earn
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