Saying that it takes twice as many dollars to buy one ticket for a concert than two tickets for a movie refers to the use of money as a
A) medium of exchange.
B) unit of account.
C) store of value.
D) means of achieving the double coincidence of wants.
B
You might also like to view...
A purchase of U.S. government securities by the Fed causes
A) an expansion of the money supply equal to the amount of the securities purchased. B) a contraction of the money supply equal to the amount of the securities purchased. C) an expansion of the money supply of more than the amount of the securities purchased. D) a contraction of the money supply of more than the amount of the securities purchased.
According to the graph shown, at point C the firm is earning:
A. higher profits than at point B, and they should produce more.
B. fewer profits than at point B, and they should produce more.
C. fewer profits than at point B, and they should produce less.
D. higher profits than at point B, and they should produce less.