When you see a mansion and think to yourself that it must be worth a million dollars,you are using money to perform which function?
A) medium of exchange
B) unit of account
C) store of value
D) means of payment
E) method of avoiding barter
Correct Answer:
Verified
Q34: When we use money to purchase goods
Q35: Fiat money means
A)Italian currency.
B)money's value does not
Q36: The objects that we use as money
Q37: Keeping $20 in currency to be able
Q38: The word "fiat" is
A)used to describe today's
Q40: The U.S.dollar is called
A)fiat money because the
Q41: M1 is composed of
A)currency held by individuals
Q42: Which of the following is money?
A)a credit
Q43: Which statement most accurately captures the state
Q44: Credit cards are
A)a form of money used
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