Mia puts money into a piggy bank so she can spend it later.Which function of money does this illustrate?
A) store of value
B) medium of exchange
C) unit of account
D) wealth
Correct Answer:
Verified
Q5: What is current Canadian currency?
A) fiat money
Q6: Which of the following is included in
Q11: Which of the following has intrinsic value?
A)
Q13: Which statement best illustrates the unit of
Q13: Which of the following is included in
Q14: What is a characteristic of paper money?
A)
Q15: What does the legal tender requirement imply?
A)
Q17: Which statement best illustrates the medium of
Q18: What characterizes commodity money?
A) It is money
Q24: Which account balance is included in M1+?
A)
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