When the manager of a department store attaches price tags to his/her products, he/she is using money as a

A. unit of account.
B. unit of transfer.
C. store of value.
D. medium of exchange.


Answer: A

Economics

You might also like to view...

If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP?

A) $12 trillion B) $6 trillion C) $3 trillion D) $333 billion

Economics

Based on Table 9.1, the balance on the current account is

A) +100. B) +200. C) 0. D) -100. E) -200.

Economics

Traditionally, laws of incorporation have been predominantly privileges of the states

Indicate whether the statement is true or false

Economics

Suppose the U.S. can produce 10 units of food and 5 units of clothing (or any such linear combination) and Canada can produce 6 units of food and 4 units of clothing (or any such linear combination)

If trade occurs between these two countries, which should produce more food and which more clothing?

Economics