Betty won $500 in a poker tournament. She deposits her $500 winnings into a money market fund so that she can use the money next year to help her pay for a trip to Las Vegas. This is an example of money serving as a(n)
A) unit of account.
B) medium of exchange.
C) store of value.
D) investment good.
Correct Answer:
Verified
Q11: Any transaction that involves exchanging one good
Q12: The U.S. dollar is an example of
Q13: A currency that is not backed by
Q14: Veronica received a federal income tax refund
Q15: The development of money as a medium
Q17: Which of the following factors causes the
Q18: Denny's lists the price of a Grand
Q19: Josie wants to trade swimming lessons for
Q20: When money is used as a medium
Q21: Included in M2 are
A) bank loans.
B) credit
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