If Tiffany redeemed a bond that earned 5% interest over the past 10 years, which function of money was BEST represented in this scenario? A. medium of exchange B. store of value C. standard of value D. unit of account
If Tiffany redeemed a bond that earned 5% interest over the past 10 years, which function of money was BEST represented in this scenario? A. medium of exchange B. store of value C. standard of value D. unit of account
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![If Tiffany redeemed a bond that
earned 5% interest over the
past 10 years, which function of
money was BEST represented in
this scenario?
A. medium of exchange
B. store of value
C. standard of value
D. unit of account](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F68ec43d5-1596-424c-8e84-6d5b95bbadff%2Fc2443c40-816b-47a9-a8fe-e0824e80abbe%2Fzno1c5k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If Tiffany redeemed a bond that
earned 5% interest over the
past 10 years, which function of
money was BEST represented in
this scenario?
A. medium of exchange
B. store of value
C. standard of value
D. unit of account
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