Multiple Choice
Which function of money allows people to specialize in areas in which they have a comparative advantage?
A) medium of exchange
B) unit of accounting
C) store of value
D) standard of deferred payment
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q42: The reserve ratio is 20 percent. The
Q43: The advantage of holding money as an
Q44: The reserve ratio is 5 percent. If
Q45: If the FDIC eliminated its insurance program
Q46: When the Federal Reserve sells a government
Q48: Which of the following is NOT a
Q49: Total reserves of private banks are<br>A) all
Q50: When money serves as a store of
Q51: The value of the money multiplier depends
Q52: When money serves as a standard for