The most distinguishing economic feature of money is its
A) medium of exchange role.
B) store of value role.
C) unit of account role.
D) standard of deferred payment role.
A
Economics
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If a society were to use a widely accepted, easily measurable, but highly perishable food product as commodity money, then the ________ function of money would most likely fail
a. medium of exchange b. unit of account c. store of value d. transfer of value
Economics
Explain the relationship between the interest rate on a bond and the default risk on a bond
What will be an ideal response?
Economics