Keeping $20 in currency to be able to buy petrol,money is performing which function?
A) Barter mechanism
B) Medium of exchange
C) Store of value
D) Unit of account
E) Symbol of fiat
Correct Answer:
Verified
Q1: Which of the following items is included
Q4: The unit of account is defined as
A)
Q5: The word "fiat" is
A) Latin for "backed
Q15: M1 is composed of
A) traveller's cheques, credit
Q20: In order for any given commodity to
Q21: Cheques are not money because they
A)are not
Q23: The Australian dollar is called
A)faith money.
B)convertible money
Q27: Credit cards are i.a generally accepted form
Q28: If Julia deposits $300 in currency into
Q29: An official measure of money in Australia
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