The primary functions of money are:
a. velocity, liquidity, and transactions.
b. speculative demand, measure of value, and precautionary demand.
c. a medium of exchange, a unit of account, and a store of value.
d. a store of value, heterogeneity, and a medium of exchange.
e. currency value, fiat value, and accepted value.
c
Economics
You might also like to view...
Markets are generally more effective at providing ________ and governments are most effective at providing ________
A) pure public goods; common pool resources B) pure private goods; pure public goods C) common pool resources; club goods D) club goods; pure private goods
Economics
The largest source of income for banks is
a. the interest received from loans b. fees charged to customers for accounts c. money deposited in savings accounts d. fees charged on credit cards
Economics