When We Keep Part of Our Wealth in a Bank

Multiple Choice

When we keep part of our wealth in a bank checking account,we are using money as a ________ because ________.

A) store of value;we are holding the money to exchange for goods at a later time
B) medium of exchange;we are holding the money to gain interest earned
C) barter token;we are holding the money to exchange for goods at a later time
D) unit of account;we are holding the money to exchange for goods at a later time
E) unit of currency;we have agreed upon the value of the money with bank