When a grocery store accepts your $5 bill in exchange for bread and milk,the $5 bill serves as a
A) medium of exchange.
B) unit of account.
C) store of value.
D) standard of deferred payment.
Correct Answer:
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Q23: During World War II,prisoners of war used
Q24: Which of the following criteria would make
Q25: Gold is an example of
A)commodity money.
B)fiat money.
C)barter
Q26: Money is
A)an asset that people are willing
Q27: Which is not one of the criteria
Q29: Commodity money is a good
A)used as money
Q30: Paper currency is a
A)commodity money.
B)fiat money.
C)barter money.
D)bond.
Q31: By making exchange _,money allows for _
Q32: The statement "This Dell laptop costs $1,200"
Q33: A barter economy is an economy where
A)goods
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