If you save $2,500 for a down payment on a new car, you are using money as
A) a store of value.
B) a unit of account.
C) a medium of exchange.
D) a standard of deferred payment.
Correct Answer:
Verified
Q1: Money functions as a(n)
A)store of value.
B)unit of
Q1: To function as money, something must hold
Q2: A barter arrangement essentially means
A)a cashless transaction.
B)a
Q4: Without an accepted medium of exchange, people
A)have
Q6: A barter arrangement simply means
A)a direct exchange
Q6: When money serves as a standard for
Q9: A price tag of $400 for a
Q10: Which of the following represents a function
Q17: The use of money as a medium
Q20: Which of the following statements does NOT
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