menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Essentials Study Set 3
  4. Exam
    Exam 14: Money and Banking
  5. Question
    Money Serves as a Medium of Exchange, Which Means, for Example
Solved

Money Serves as a Medium of Exchange, Which Means, for Example

Question 203

Question 203

True/False

Money serves as a medium of exchange, which means, for example, that it replaces the need for barter among individuals.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q198: What term identifies a bank's promise to

Q199: Because the Canadian dollar varies only slightly

Q200: M-1 includes M-2 plus currency, demand deposits,

Q201: Which of the following is not part

Q202: Currency and money are the same thing.

Q204: The main purpose of the Bank of

Q205: Douglas & Reynolds, a financial firm, has

Q206: Which of the following Bank of Canada

Q207: Which of the following is considered part

Q208: Jack is one of the bank's most

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines