Asked by Chintan Kothari on Apr 24, 2024
You pay for cheese and bread from the deli with currency. Which function of money does this best illustrate?
A) Medium of exchange
B) Unit of account
C) Store of value
D) Liquidity
Medium Of Exchange
A medium of exchange is an intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.
- Acquire knowledge on the essential operations of money and its value in the economic system.
Learning Objectives
- Acquire knowledge on the essential operations of money and its value in the economic system.