When a banker records how many dollars each of his borrowers owes the bank, money is serving as a
A. store of value.
B. medium of exchange.
C. legal tender.
D. unit of account.
Answer: D
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Two CEOs from different firms in the same market collude to fix the price in the market. This action violates the
a. Clayton Act of 1914. b. Sherman Antitrust Act of 1890. c. Crandall-Putnam ruling of 1983. d. Jackson-Microsoft ruling of 2000.
When real GDP is in equilibrium there will be no tendency for real GDP to _____ or _____.
Fill in the blank(s) with the appropriate word(s).
The opportunity cost of going to a particular college is not the same for everyone.
Answer the following statement true (T) or false (F)
___ is Delineating the steps involved in taking potential purchasers from unawareness of a product to readiness to purchase it
Fill in the blank(s) with the appropriate word(s).