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Question 11.06 Unanswered Bitcoins are used to purchase goods and services from certain vendors. This is evidence that Bitcoi
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Answer #1

They are not used as a store of value because it is given that Bitcoins are used for purchasing goods and services. This implies that they are being used as a medium of exchange. There is no unit of account because it does not act as a common denominator.

Therefore the correct choice is medium of exchange.

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