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    Macroeconomics Study Set 40
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    Exam 8: Money, the Price Level, and Inflation
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    Suppose Prices Are Quoted in Dollars and Transactions Are Conducted
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Suppose Prices Are Quoted in Dollars and Transactions Are Conducted

Question 384

Question 384

Multiple Choice

Suppose prices are quoted in dollars and transactions are conducted in pesos. The peso serves as a


A) medium of exchange.
B) unit of account.
C) store of value.
D) all of the above

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