Keeping $20 in currency to be able to buy gasoline,money is performing which function?
A) medium of exchange
B) unit of account
C) store of value
D) barter mechanism
E) symbol of fiat
Correct Answer:
Verified
Q32: When money is used to compare the
Q33: The function of money that helps assess
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
Q38: The word "fiat" is
A)used to describe today's
Q39: When you see a mansion and think
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
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