The functions of money include the following: Note: choose up to four (4). If you check more than four, 1 point will be taken for each additional choice. A. unit of account B. standard of deferred payment C. medium of exchange D. commodity money E. fiat money F. store of value

The functions of money include the following: Note: choose up to four (4). If you check more than four, 1 point will be taken for each additional choice. A. unit of account B. standard of deferred payment C. medium of exchange D. commodity money E. fiat money F. store of value

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section14.1: The Functions And Characteristics Of Money

Problem 1R

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Question

The functions of money include the following:

Note: choose up to four (4). If you check more than four, 1 point will be taken for each additional choice.

	A.	unit of account
	B.	standard of deferred payment
	C.	medium of exchange
	D.	commodity money
	E.	fiat money
	F.	store of value

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