Answered: A $175 price tag on a cashmere sweater…

A $175 price tag on a cashmere sweater in a department store window is an example of money functioning as: Multiple Choice a store of purchasing power an Income-earning asset

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

A $175 price tag on a cashmere sweater in a department store window is an example of
money functioning as:
Multiple Choice
a store of purchasing power
an Income-earning asset
a means of exchange
a standard of deferred payments
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