Which of the following transactions is an example of money serving as a medium of exchange?
A) Roland puts his coins into a piggy bank.
B) John buys a cup of coffee and a roll at the faculty dining room.
C) Steve puts a five-dollar bill in his money belt.
D) Scott deposits cash into a savings account.
Correct Answer:
Verified
Q4: Which of the following is NOT a
Q5: What is the primary feature of money?
A)It
Q6: Does rapid inflation make holding a large
Q7: Which of the following is the best
Q8: Why is barter inefficient when compared to
Q10: Why is using money as a store
Q11: If individuals will no longer take a
Q12: What is the principle role of money?
A)to
Q13: When is currency a poor store of
Q14: Money makes it easier to borrow and
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