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    Economic Analysis
  4. Exam
    Exam 18: An Introduction to Money, Banks, and the Financial System
  5. Question
    When Starbucks Accepts Your $10 Bill for Two Grande Lattes
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When Starbucks Accepts Your $10 Bill for Two Grande Lattes

Question 1

Question 1

Multiple Choice

When Starbucks accepts your $10 bill for two Grande Lattes and one Tall Caramel Macchiato, the $10 bill serves as a


A) medium of exchange.
B) store of value.
C) standard of value.
D) commodity money.

Correct Answer:

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