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    Principles of Economics Study Set 11
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    Exam 30: Money and the Federal Reserve
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    What Function of Money Is Highlighted When Sally Pays Her
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What Function of Money Is Highlighted When Sally Pays Her

Question 38

Question 38

Multiple Choice

What function of money is highlighted when Sally pays her cell phone bill with cash?


A) fiat money
B) medium of exchange
C) unit of account
D) store of value
E) commodity money

Correct Answer:

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