Essay
Which function of money is in each of the following cases demonstrating?
(1)You pay $10 for a movie ticket.
(2)You deposit your tax refund check in your saving account.
(3)A restaurant manager sets the prices of meals she serves in dollars.
(4)A restaurant manager places the day's receipts in the safe.
(5)McDonald's announces that a Big-Mac now costs only $1.00.
(6)Bill Gates has a net worth of $50 billion.
Correct Answer:
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(1)Medium of exchange.
(2)Stor...View Answer
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Correct Answer:
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(2)Stor...
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