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    Economics Study Set 1
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    Exam 26: Money and Banking
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    Doug Is Saving Money in Order to Purchase a New
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Doug Is Saving Money in Order to Purchase a New

Question 106

Question 106

Multiple Choice

Doug is saving money in order to purchase a new snowboard next winter.This represents using money as


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

Correct Answer:

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