Haley used $200,000 from her savings account deposits as a down payment to buy a house. What function did these deposits serve when she made the down payment? Select one: O a. unit of account. O b. store of value. O c. unit of exchange. O d. medium of exchange. D

Haley used $200,000 from her savings account deposits as a down payment to buy a house. What function did these deposits serve when she made the down payment? Select one: O a. unit of account. O b. store of value. O c. unit of exchange. O d. medium of exchange. D

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

Haley used $200,000 from her savings account deposits as a down payment to buy a house. What function did
these deposits serve when she made the down payment?
Select one:
O a. unit of account.
O b.
store of value.
O c.
unit of exchange.
d.
medium of exchange.

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