Multiple Choice
You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money's function as a _______. The laptop's price is posted as $500. The $500 price illustrates money's function as a _____. You use the $500 to purchase the laptop. This transaction illustrates money's function as a ______.
A) store of value, medium of exchange, unit of account
B) store of value, unit of account, medium of exchange
C) medium of exchange, unit of account, store of value
D) medium of exchange, store of value, unit of account
Correct Answer:

Verified
Correct Answer:
Verified
Q66: If the reserve requirement is 10 percent,
Q67: What is bank insolvancy?
Q68: The prices of goods at a grocery
Q69: Suppose a bank is operating with a
Q70: In the months of November and December,
Q72: The federal funds rate is a long-term
Q73: U.S. dollars are an example of commodity
Q74: The discount rate is<br>A)the interest rate the
Q75: List two reasons why the Fed can
Q76: Table 29-3<br><br> <span class="ql-formula" data-value="\begin{array}{l}\text