When a clerk gives you a pair of jeans for your $50 bill, money is serving which function?
A. Medium of exchange
B. Unit of account
C. Store of wealth
D. Store of real assets
Answer: A
Economics
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If a country's exports are worth $5 billion and its imports are worth $3.9 billion, the country experiences a ________
A) trade surplus B) budget deficit C) trade deficit D) budget surplus
Economics
The extent to which investment spending changes with changes to income is called the:
A) marginal propensity to consume. B) marginal propensity to save. C) marginal propensity to import. D) marginal propensity to invest.
Economics