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    Economics-Macroeconomics
  4. Exam
    Exam 8: Money, the Price Level, and Inflation
  5. Question
    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 299

Question 299

Multiple Choice

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


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

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