Answered: If a wealthy person writes a check to…

If a wealthy person writes a check to purchase a new car, he is employing money as _______. a. a measure of exchange. b. a store of value. c. a measure of value.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: Money Growth And Intlation

Section: Chapter Questions

Problem 1QR

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If a wealthy person writes a check to purchase a new car, he is employing money as _______.

a. a measure of exchange.

b. a store of value.

c. a measure of value.

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