Any asset that sellers will accept as payment is a(n)
A. unit of accounting.
B. standard of deferred payment.
C. medium of exchange.
D. store of value.
Answer: C
Economics
You might also like to view...
The most significant international undertaking to prevent worsening of global warming is the
a. Montreal Protocol b. Rio Declaration c. Agenda 21 d. Kyoto Protocol e. None of the above
Economics
According to _________, profit "is the premium put upon successful innovation in capitalist society and is temporary by nature; it will vanish in the subsequent process of competition and adaptation."
Fill in the blank(s) with the appropriate word(s).
Economics