Ed received an income tax refund of $3,200 in September 2019. He put the money in a drawer and spent it when he went on holiday to Fiji in January 2020. This is an example of money serving as a(n): means of evaluation medium of exchange investment good means of storing wealth

Ed received an income tax refund of $3,200 in September 2019. He put the money in a drawer and spent it when he went on holiday to Fiji in January 2020. This is an example of money serving as a(n): means of evaluation medium of exchange investment good means of storing wealth

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter14: Money And The Federal Reserve System

Section: Chapter Questions

Problem 1SQP

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Question 25

Ed received an income tax refund of $3,200 in September 2019. He put the money in a drawer and spent it when he went on holiday to Fiji in January 2020. This is an example of money serving as a(n):

		means of evaluation
		medium of exchange
		investment good
		means of storing wealth

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