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    Exam 14: Inflation: a Monetary Phenomenon
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    Maria Saves $300 Each Month in Order to Buy a House
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Maria Saves $300 Each Month in Order to Buy a House

Question 63

Question 63

Multiple Choice

Maria saves $300 each month in order to buy a house. In this example money is functioning as a:


A) medium of exchange.
B) store of value.
C) unit of account.
D) standard of deferred payment.

Correct Answer:

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