Which of the following is a correct listing of money's functions?
A) source of credit, value of transaction costs, unit of barter
B) medium of barter, medium of exchange, medium of transactions
C) unit of barter, unit of account, a unit of income
D) store of value, store of exchange, measure of account
E) store of value, medium of exchange, unit of account
E
You might also like to view...
Under the U.S. Constitution, individual states
(a) have no power. (b) control laws regulating state businesses. (c) benefit from the ability to borrow from other countries to finance taxes due to the central government. (d) regulate trade with foreign countries conducted in and by the state.
Exhibit 14A-1 Aggregate demand and supply model
Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 10A-1, the real GDP and price level (CPI) in long-run equilibrium will be:
A. $8 billion and 150. B. $12 billion and 200. C. $8 billion and 250. D. $8 billion and 200.