menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essential Foundations of Economics Study Set 1
  4. Exam
    Exam 18: Money and the Monetary System
  5. Question
    Keeping $20 in Currency to Be Able to Buy Gasoline,money
Solved

Keeping $20 in Currency to Be Able to Buy Gasoline,money

Question 90

Question 90

Multiple Choice

Keeping $20 in currency to be able to buy gasoline,money is performing which function?


A) medium of exchange
B) unit of account
C) store of value
D) barter mechanism
E) symbol of fiat

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q56: "Because monetary policy must be approved by

Q85: As a result of the Fed's actions

Q86: _ in the currency drain ratio and

Q87: In order to influence the interest rate,the

Q88: Which of the following best describes a

Q89: A commercial bank's reserves are<br>A)bonds issued by

Q91: A new bank has reserves of $600,000,checkable

Q92: A debit card is<br>A)money because it is

Q93: The Federal Open Market Committee consists of<br>A)12

Q94: _ the quantity of money in the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines