Electro City, a retailer of electronics, has 2,000 different products in inventory. Electro City reports its inventory is worth $12 million. This is an example of using money as a store of value. medium of exchange. standard of deferred payment. O unit of account.
Electro City, a retailer of electronics, has 2,000 different products in inventory. Electro City reports its inventory is worth $12 million. This is an example of using money as a store of value. medium of exchange. standard of deferred payment. O unit of account.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Electro City, a retailer of electronics, has 2,000 different
products in inventory. Electro City reports its inventory is
worth $12 million. This is an example of using money as a
store of value.
medium of exchange.
standard of deferred payment.
O unit of account.
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