Imagine you have R1,000 in cash, and you deposit this money into a savings account at a bank. Whatfunction of money is this action demonstrating?A. Medium of ExchangeB. Unit of AccountC. Store of ValueD. Measure of Value

Imagine you have R1,000 in cash, and you deposit this money into a savings account at a bank. Whatfunction of money is this action demonstrating?A. Medium of ExchangeB. Unit of AccountC. Store of ValueD. Measure of Value

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section: Chapter Questions

Problem 22AA

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Question

Imagine you have R1,000 in cash, and you deposit this money into a savings account at a bank. What
function of money is this action demonstrating?
A. Medium of Exchange
B. Unit of Account
C. Store of Value
D. Measure of Value

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