Suppose a six-year-old girl wants to buy a $30 Hello Kitty doll. The money she received for her birthday to buy the doll would be used for which of the following purposes?
A) measure of wealth
B) store of value
C) commodity of exchange
D) medium of exchange
Correct Answer:
Verified
Q1: Which of the following is NOT one
Q3: Why would cherries, ears of corn, and
Q4: What is another term for a chequing
Q5: Rocks, leaves, and glass shards would not
Q6: For money to be an acceptable medium
Q7: Megan Voorhees recently inherited $200,000. She has
Q8: A ten-dollar bill can be changed into
Q9: Credit cards are simply a form of
Q10: The Canadian money supply comprises which of
Q11: What is cash held in the form
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents