Asked by Marisol Trejo on Jun 12, 2024
Verified
Sandra routinely uses currency to purchase her groceries. She is using money as a medium of exchange.
Medium Of Exchange
An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.
- Develop an understanding of the uses of money, notably its application as a unit of account, medium of exchange, and repository of value.
Verified Answer
VD
Victoria DonofrioJun 16, 2024
Final Answer :
True
Explanation :
Using money to buy groceries is an example of using money as a medium of exchange, facilitating the sale and purchase of goods and services.
Learning Objectives
- Develop an understanding of the uses of money, notably its application as a unit of account, medium of exchange, and repository of value.