Asked by Jasmine Hawkins on May 25, 2024
Verified
Which of the three functions of money are commonly met by each of the following assets in the U.S. economy?
a.paper dollar
b.precious metals
c.collectibles such as baseball cards, stamps, and antiques
Precious Metals
Rare, naturally occurring metallic elements of high economic value, which are often used as investment commodities, jewelry, and in industrial applications.
Paper Dollar
A term referring to United States currency notes made of paper, as opposed to coins or digital currency.
Collectibles
Items of personal or aesthetic value, often rare or unique, that are sought after and collected by enthusiasts.
- Comprehend the theoretical foundations and practical applications of monetary functions in an economic framework.
Verified Answer
b. store of value
c. store ofvalue
Learning Objectives
- Comprehend the theoretical foundations and practical applications of monetary functions in an economic framework.
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