Ella K. is visiting Turkey, where she notices that prices are posted in Türk lirası (the Turkish monetary unit). This best illustrates money's function as all of the options are correct. a unit of account. O a store of value. O a medium of exchange.

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter29: The Monetary System
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12
Question 12
Ella K. is visiting Turkey, where she notices that prices are posted in Türk lirası (the Turkish
monetary unit). This best illustrates money's function as
all of the options are correct.
a unit of account.
a store of value.
O a medium of exchange.
Transcribed Image Text:Question 12 Ella K. is visiting Turkey, where she notices that prices are posted in Türk lirası (the Turkish monetary unit). This best illustrates money's function as all of the options are correct. a unit of account. a store of value. O a medium of exchange.
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