Keeping $20 in currency to be able to buy gasoline, money is performing which function?

A) medium of exchange
B) unit of account
C) store of value
D) barter mechanism
E) symbol of fiat

C

Economics

You might also like to view...

The least-cost abatement pattern will require all polluters to clean up on an equal basis

a. True b. False Indicate whether the statement is true or false

Economics

Relative price is

A. The price of one good in comparison with the price of other goods. B. A decrease in purchasing power because of rising prices. C. The current price paid for a good or service. D. The amount of income a particular good requires.

Economics