Multiple Choice
Any item that people can use to transfer purchasing power from the present to the future is called
A) a medium of exchange.
B) a unit of account.
C) a store of value.
D) None of the above is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q40: Commodity money is<br>A)backed by gold.<br>B)the principal type
Q41: Which type of money has intrinsic value?<br>A)commodity
Q42: Which of the following is not included
Q43: Which of the following is both a
Q44: Savings deposits are included in<br>A)M1 but not
Q46: Which of the following lists is included
Q47: Which of the following functions of money
Q48: Which of the following best illustrates the
Q49: The set of items that serve as
Q50: Traveler's checks are included in<br>A)M1 but not