A medium of exchange is: an asset that can be used to transport purchasing power from one period of time to another the ability to buy something today but defer payment to the future a standard unit that provides a consistent way of comparing prices. what sellers generally accept and buyers generally use to pay for goods and services

A medium of exchange is: an asset that can be used to transport purchasing power from one period of time to another the ability to buy something today but defer payment to the future a standard unit that provides a consistent way of comparing prices. what sellers generally accept and buyers generally use to pay for goods and services

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section: Chapter Questions

Problem 25AA

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Question 24

A medium of exchange is:

		an asset that can be used to transport purchasing power from one period of time to another
		the ability to buy something today but defer payment to the future
		a standard unit that provides a consistent way of comparing prices.
		what sellers generally accept and buyers generally use to pay for goods and services

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