Multiple Choice
Tei compares the price of a Toyota Celica with the price of a Nissan Stanza. In this example money is functioning as:
A) a medium of exchange.
B) a store of value.
C) a unit of account.
D) a standard of deferred payment.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q42: In which of the following examples is
Q43: M1 includes currency, travelers' checks, demand deposits,
Q44: The M1 money supply consists of:<br>A) currency,
Q45: Fiscal policy cannot be used to deal
Q46: When conducting monetary policy, the Federal Reserve
Q48: Evaluate the following statement. "Oil prices are
Q49: According to the quantity theory of money,
Q50: The broadest price index is:<br>A) the CPI.<br>B)
Q51: Use the following diagram to answer the
Q52: Suppose the rate of growth in the