When an asset is traded for goods and services it is serving the function of a ________

A) store of value B) loanable fund
C) unit of account D) medium of exchange


D

Economics

You might also like to view...

___________ is the ability to recognize and use resources effectively

a. Efficiency b. Intuition c. Helpfulness d. Resourcefulness

Economics

A cost that spills over onto individuals not directly involved in an activity is called a positive externality

a. True b. False Indicate whether the statement is true or false

Economics

The Fed is unlike other central banks in that it

a. has 12 branches. b. is completely centralized. c. has no real powers. d. also has control over fiscal policy.

Economics

Injections:

a) Decrease aggregate demand b) Always equal savings c) Always equal national income d) Include investment and export spending

Economics