Multiple Choice
When a fisherman records the value of a day's catch in terms of an equivalent number of abalones,abalones serve as
A) the medium of exchange.
B) fiat money.
C) a unit of account.
D) a store of value.
E) currency.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q156: If a bank has a required reserve
Q157: Federal funds are<br>A) created as banks to
Q158: If a bank that faces a 25
Q159: In the following figure,identify each of components
Q160: If Carlos decides to deposit $100 in
Q162: The Coppock Bank has $34,000,000 in deposits.If
Q163: If Bank of Mateer has a required
Q164: When a bank decided to invest in
Q165: A bank can make loans when<br>A) excess
Q166: A bank's liabilities,by definition,are the<br>A) financial obligations