Answered: When an asset is traded for goods and…

When an asset is traded for goods and services it is serving the function of a A. store of value B. unit of account C. loanable fund D. medium of exchange

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

When an asset is traded for goods and services it
is serving the function of a
A. store of value
B. unit of account
C. loanable fund
D. medium of exchange

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