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  3. Study Set
    Economic Analysis
  4. Exam
    Exam 18: An Introduction to Money, Banks, and the Financial System
  5. Question
    If the Prices of Goods and Services Were Expressed in Terms
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If the Prices of Goods and Services Were Expressed in Terms

Question 19

Question 19

Multiple Choice

If the prices of goods and services were expressed in terms of coconuts, then coconuts would be serving as a


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

Correct Answer:

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