The most important function of money is when money is used as a
A) medium of exchange.
B) standard of deferred payment.
C) unit of accounting.
D) store of value.
Correct Answer:
Verified
Q18: A barter arrangement simply means
A) a direct
Q19: For barter to occur there must be
A)
Q20: Which of the following statements does NOT
Q21: When you set aside the money you
Q22: As a unit of account, money is
Q24: One of the benefits of money as
Q25: A medium of exchange is
A) any asset
Q26: Which function of money allows people to
Q27: Any asset that sellers will accept as
Q28: A measure by which prices are expressed
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