Money that we have today can be set aside to purchase things in the future. This function of money is known as
A. medium of exchange.
B. unit of accounting.
C. store of value.
D. standard of deferred payment.
Answer: C
Economics
You might also like to view...
The demand curve faced by a monopolist is the same as the marginal revenue curve
a. True b. False Indicate whether the statement is true or false
Economics
According to the classical model, an increase in government purchases will
a. lead to a change in the interest rate that encourages consumers to spend more b. lead to a change in the interest rate that encourages private businesses to invest more c. discourage private spending by increasing the price level d. be partially offset by a decline in consumption and investment spending e. leave total spending and output unchanged
Economics