9 Indicate which of the functions of money (a medium of exchange, a unit of account, and a store of value) each of the following performs in the U.S. economy. Check all that apply. Medium of Exchange Unit of Account Store of Value Plastic credit card Picasso painting Mexican peso Demand deposit Plastic credit card Picasso painting 000 Given your answers to the previous task, indicate whether each of the following is considered money in the U.S. economy. Money Yes No Mexican peso O O O

9 Indicate which of the functions of money (a medium of exchange, a unit of account, and a store of value) each of the following performs in the U.S. economy. Check all that apply. Medium of Exchange Unit of Account Store of Value Plastic credit card Picasso painting Mexican peso Demand deposit Plastic credit card Picasso painting 000 Given your answers to the previous task, indicate whether each of the following is considered money in the U.S. economy. Money Yes No Mexican peso O O O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Indicate which of the functions of money (a medium of exchange, a unit of account, and a store of value) each of the following performs in the U.S.
economy. Check all that apply.
Plastic credit card
Picasso painting
Mexican peso
Demand deposit
Plastic credit card
Picasso painting
Mexican peso
Medium of Exchange Unit of Account
Given your answers to the previous task, indicate whether each of the following is considered money in the U.S. economy.
Money
Yes No
Demand deposit
0 0 0 0
Store of Value
0 0 0 0

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