Money serves as a store of value when:
A. there is direct trade of goods and services.
B. it is a basic measure of economic value.
C. it is a means of holding wealth.
D. it is used to purchase goods and services.
Answer: C
Economics
You might also like to view...
The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $300 is imposed in the housing market, then
A) there would be a surplus of apartments. B) there would be a shortage of apartments. C) the market would reach equilibrium at the quantity of 60 housing units. D) the supply of housing would increase.
Economics
The above figures show the market for gasoline. Which figure shows the effect of an increased preference for cars that are smaller and more fuel efficient?
A) Figure A B) Figure B C) Figure C D) Figure D
Economics