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  3. Study Set
    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 62

Question 62

Multiple Choice

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


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

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