If a person uses money to buy a pair of shoes, money is functioning as
A) a unit of account.
B) a store of value.
C) a medium of exchange.
D) none of the above
C
Economics
You might also like to view...
Many economists believe that stabilization policy should be limited in scope until
A. Keynesians and monetarists agree on policy. B. inflation is brought under control. C. the economy is operating near capacity. D. forecasting becomes more reliable.
Economics
All large firms have monopoly power.
Answer the following statement true (T) or false (F)
Economics