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    Macroeconomics Study Set 17
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    Exam 14: Money,Banks,and the Federal Reserve System
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    The Statement,"My IPhone Is Worth $700" Represents Money's Function as
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The Statement,"My IPhone Is Worth $700" Represents Money's Function as

Question 223

Question 223

Multiple Choice

The statement,"My iPhone is worth $700" represents money's function as


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

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