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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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    When a Grocery Store Accepts Your $5 Bill in Exchange
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When a Grocery Store Accepts Your $5 Bill in Exchange

Question 13

Question 13

Multiple Choice

When a grocery store accepts your $5 bill in exchange for bread and milk,the $5 bill serves as a


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

Correct Answer:

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