5. Dena won $1,000 at a bingo game. She deposits her $1,000 winning into a money market fund so that she can use the money next year to pay her tuition. This is an example of money serving as a (an): unit of account. medium of exchange. store of value. investment good.
5. Dena won $1,000 at a bingo game. She deposits her $1,000 winning into a money market fund so that she can use the money next year to pay her tuition. This is an example of money serving as a (an): unit of account. medium of exchange. store of value. investment good.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 30P: A mortgage 105m is a loan that a person makes to purchase a house. Table 19.11 provides a list of...
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5. Dena won $1,000 at a bingo game. She deposits her $1,000 winning into a
market fund so that she can use the money next year to pay her tuition. This is an example of money serving as a (an):
- unit of account.
- medium of exchange.
- store of value.
- investment good.
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