When you take a vacation and keep cash with you in case you might need it, money is serving as a: Question 2 options: Medium of exchange Unit of account Store of value Standard of deferred payments
When you take a vacation and keep cash with you in case you might need it, money is serving as a: Question 2 options: Medium of exchange Unit of account Store of value Standard of deferred payments
Chapter18: Money And The Federal Reserve System
Section: Chapter Questions
Problem 1SQ
Related questions
Question
When you take a vacation and keep cash with you in case you might need it, money is serving as a:
Question 2 options:
|
Medium of exchange
|
|
Unit of account
|
|
Store of value
|
|
Standard of deferred payments
|
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you