What function is money serving when you use it when you go shopping?
A medium of exchange
A store of value
A medium of deferred payment
A unit of account
A medium of exchange
Economics
You might also like to view...
Which of the following risks cannot be hedged by an insurance?
a. Exports damaged during shipment b. Theft during movement of goods c. An electrical fire at a warehouse d. Decreased sales resulting from poor salesmanship
Economics
Import and exchange controls are designed to
a. create a balance of payments b. float the exchange rate c. support a fixed rate of exchange d. create larger foreign exchange reserves e. steer floating exchange rates in the right direction
Economics