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When you keep your savings under your mattress, you are using money as a(n)

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When you keep your savings under your mattress, you are using money as a(n)

Question 1.

Tippi received a rebate of $2,000 for a hybrid car she purchased in May 2016. Tippi put this money in a saving account so that she could spend it when she went on safari in September 2016. This is an example of money serving as a(n)

▸ medium of exchange.

▸ store of value.

▸ unit of account.

▸ investment good.

Question 2.

When you keep your savings under your mattress, you are using money as a(n)

▸ investment good.

▸ unit of account.

▸ medium of exchange.

▸ store of value.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 69 times

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