The functions of money are to serve as a:
A. determinant of consumption, investment, and government spending.
B. resource allocator, method for accounting, and means of income distribution.
C. unit of account, store of value, and medium of exchange.
D. factor of production, exchange, and aggregate supply.
Answer: C
Economics
You might also like to view...
How does Professor Tabarrok describe a situation in which someone receives a gift that they don't value?
A. The incentive problem B. Negative trade C. The knowledge problem D. Negative charity
Economics
The natural rate of interest falls with a __________ shift of the __________ curve
A) rightward; IS B) rightward; LM C) leftward; IS D) leftward; LM
Economics