5. Dena won $1,000 at a bingo game. She deposits her $1,000 winning into a money market fund so that she can use the money next year to pay her tuition. This is an example of money serving as a (an): unit of account. medium of exchange. store of value. investment good.
5. Dena won $1,000 at a bingo game. She deposits her $1,000 winning into a money market fund so that she can use the money next year to pay her tuition. This is an example of money serving as a (an): unit of account. medium of exchange. store of value. investment good.
Chapter14: Banking And The Money Supply
Section: Chapter Questions
Problem 1.1P
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5. Dena won $1,000 at a bingo game. She deposits her $1,000 winning into a
market fund so that she can use the money next year to pay her tuition. This is an example of money serving as a (an):
- unit of account.
- medium of exchange.
- store of value.
- investment good.
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