When you are estimating your monthly income and expenses,money is being used as
A) a medium of exchange.
B) a store of value.
C) a unit of account.
D) a standard unit of deferred payment.
E) a money substitute.
Correct Answer:
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Q4: Which of the following is a common
Q5: Gresham's law predicts which of the following?
A)Good
Q6: Suppose you come into possession of two
Q7: Other things being equal,a rise in the
Q8: Which of the following was the most
Q10: When metal coins,such as gold and silver,were
Q11: The major problem of a currency that
Q12: In order to be considered "money," paper
Q13: The use of money in an economy
Q14: Other things being equal,the purchasing power of
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