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    Macroeconomics Study Set 41
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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 22

Question 22

Multiple Choice

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


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

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