When a seller on eBay posts a "Buy-It-Now" price on the Vespa scooter she is trying to sell, she is using money as a
A. unit of transfer.
B. store of value.
C. medium of exchange.
D. unit of account.
Answer: D
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What are the defining features of Keynesian macroeconomics and what policies do Keynesian macroeconomists recommend?
What will be an ideal response?
If intended investment is $500 billion, and actual investment is $620 billion, then we know that
a. consumption is $620 billion b. unwanted inventory is $620 billion c. consumption is $120 billion d. unwanted inventory is $120 billion e. saving is $500 billion
Providing information to external users' decision making is the purpose of which of the following?
a. Management Reports b. Tax forms c. Financial statements d. Inventory reports
In 2017 about 12% of personal income in the United States came from
A. wage supplements. B. transfer payments. C. property income. D. wages and salaries.