Your salary was deposited into your saving account on 30 April but you planned to spend the money in May. On 15 May, you went to a shopping mall and saw a Nike backpack which costs RM180 and a pair of Adidas shoes which costs RM220. You bought only the backpack as you needed to keep some money for use in a contingency. At the same time, you did not spend all your money as you want to hold some money ready for any investment opportunities which might arise in the future. Before you left the mall, a grocery store accepted your RM10.50 in exchange for sandwich and coffee. From the paragraph, find the evidence for: i) Money functioning as a medium of exchange. ii) Money functioning as a unit of account. iii) Money functioning as a store of value. iv) Money demand for transaction motive. v) Money demand for speculation motive. vi) Money demand
Your salary was deposited into your saving account on 30 April but you planned to spend the money in May. On 15 May, you went to a shopping mall and saw a Nike backpack which costs RM180 and a pair of Adidas shoes which costs RM220. You bought only the backpack as you needed to keep some money for use in a contingency. At the same time, you did not spend all your money as you want to hold some money ready for any investment opportunities which might arise in the future. Before you left the mall, a grocery store accepted your RM10.50 in exchange for sandwich and coffee. From the paragraph, find the evidence for: i) Money functioning as a medium of exchange. ii) Money functioning as a unit of account. iii) Money functioning as a store of value. iv) Money demand for transaction motive. v) Money demand for speculation motive. vi) Money demand
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