When you go to a restaurant and see the items stated in U.S. dollars this is an example of money serving: a) As a store of value b) As a medium of exchange c) As a unit of account: d) All of the above
When you go to a restaurant and see the items stated in U.S. dollars this is an example of money serving: a) As a store of value b) As a medium of exchange c) As a unit of account: d) All of the above
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter27: Money And Banking
Section: Chapter Questions
Problem 24CTQ: The total amount of U.S. currency in circulation divided by the U.S. population comes out to about...
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1. When you go to a restaurant and see the items stated in U.S. dollars this is an example of money serving:
a) As a store of value
b) As a medium of exchange
c) As a unit of account:
d) All of the above
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