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Option B. A medium of exchange, when a person uses his payment method to check for the shopping then money serves as a medium of exchange as a person makes a payment and in exchange he or she recieves the goods. Option A is not right as money serves as a store of value of money is witnessed when it is stored in bank accounts. Option C is not right as unit of account means that money can always be measured and it is use to measure value of other things. Option D is not right as index of satisfaction helps to define the persons level of satisfaction.
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Purchasing groceries using a personal check best exemplifies money serving as a Multiple Choice store of...
1) Because money eliminates the "double coincidence of wants" problem, the development of money as a...
1) Because money eliminates the "double coincidence of wants" problem, the development of money as a ________ has facilitated the expansion of trade. a) store of value b) medium of exchange c) unit of account d) measure of value 2) Aster won $5,000 on a slot machine. She deposits her $5,000 winnings into a money market fund so that she can use the money next year to help her pay for a new boat. This is an example of money...
Money functions as 1) a store of value. il) unit of account ill) medium of exchange....
Money functions as 1) a store of value. il) unit of account ill) medium of exchange. iv) opportunity costs of money supply Multiple Choice iv only il and iv i only 1, ll, and it
Question 28 (1 point) Classify the following three scenarios by the role which money plays. The...
Question 28 (1 point) Classify the following three scenarios by the role which money plays. The answers will either be medium of exchange, unit of account, or store of value. (1) Darnell deposits $1,200 in his savings account. (2) Rosa buys a new pair of jeans for $90. (3) Bernard compares the prices of the latest iPhone and the latest Android phone and determines that the iPhone is more expensive. Store of value, unit of account, medium of exchange Unit...
A $40 price tag on a pair of jeans in a department store is an example...
A $40 price tag on a pair of jeans in a department store is an example of money functioning as a Multiple Choice O standard of deferred payments. store of value. medium of exchange PER unit of account
24. The functions of money do not include acting as a. b. a medium of exchange....
24. The functions of money do not include acting as a. b. a medium of exchange. a standard of deferred payment. a unit of account. c. d. a store of value. ge of purchasing power.
Money is the most liquid asset available because 0 a. it is a store of value....
Money is the most liquid asset available because 0 a. it is a store of value. O b. it is a medium of exchange. O c. it is a unit of account. 0 d. it has intrinsic value.
QUESTION 1 One use of money is to quote prices of different products in comparable units....
QUESTION 1 One use of money is to quote prices of different products in comparable units. Which of the three functions of money is this referring to? medium of exchange seigniorage unit of account opportunity cost QUESTION 2 One purpose of money is to transfer purchasing power from the present into the future. Which of the three functions of money is this referring to? inflation tax store of value seigniorage medium of exchange
Determine whether each of the following would fulfill the three functions of money. If the item...
Determine whether each of the following would fulfill the three functions of money. If the item does not fulfill all three, name at least one function of money that it violates. Instructions: You may select more than one answer. Click the box with a check mark for correct answers, and click to empty the box for the wrong answers. a. Salt Salt could be a good store of value because salt keeps for a long time. Salt fulfills the medium...
QUESTION 34 The federal funds rate is the interest rate • banks charge each other for...
QUESTION 34 The federal funds rate is the interest rate • banks charge each other for loans banks charge for their best customers the Fed charges for loans to banks paid by government bonds QUESTION 35 What function of money serving when you use the money to put in your savings account? A store of value A unit of account A medium of exchange A flow of funds Click Save and submit to save and submit. Chels Save an ansers...
22. When you discover money in your coat that you placed there last winter, you unexpectedly...
22. When you discover money in your coat that you placed there last winter, you unexpectedly find you were using money as a(n) A) medium of exchange. B) expander of economic activity. C) factor of production. D) store of value. unit of account
Money functions as 1) a store of value. il) unit of account ill) medium of exchange. iv) opportunity costs of money supply Multiple Choice iv only il and iv i only 1, ll, and it
Question 28 (1 point) Classify the following three scenarios by the role which money plays. The answers will either be medium of exchange, unit of account, or store of value. (1) Darnell deposits $1,200 in his savings account. (2) Rosa buys a new pair of jeans for $90. (3) Bernard compares the prices of the latest iPhone and the latest Android phone and determines that the iPhone is more expensive. Store of value, unit of account, medium of exchange Unit...
A $40 price tag on a pair of jeans in a department store is an example of money functioning as a Multiple Choice O standard of deferred payments. store of value. medium of exchange PER unit of account
24. The functions of money do not include acting as a. b. a medium of exchange. a standard of deferred payment. a unit of account. c. d. a store of value. ge of purchasing power.
Money is the most liquid asset available because 0 a. it is a store of value. O b. it is a medium of exchange. O c. it is a unit of account. 0 d. it has intrinsic value.
QUESTION 1 One use of money is to quote prices of different products in comparable units. Which of the three functions of money is this referring to? medium of exchange seigniorage unit of account opportunity cost QUESTION 2 One purpose of money is to transfer purchasing power from the present into the future. Which of the three functions of money is this referring to? inflation tax store of value seigniorage medium of exchange
QUESTION 34 The federal funds rate is the interest rate • banks charge each other for loans banks charge for their best customers the Fed charges for loans to banks paid by government bonds QUESTION 35 What function of money serving when you use the money to put in your savings account? A store of value A unit of account A medium of exchange A flow of funds Click Save and submit to save and submit. Chels Save an ansers...
22. When you discover money in your coat that you placed there last winter, you unexpectedly find you were using money as a(n) A) medium of exchange. B) expander of economic activity. C) factor of production. D) store of value. unit of account
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