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dbomb1 dbomb1
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Sheena gets her paycheck on the first day of every month and spends it over the month to purchase various goods and services. What are the functions that money is performing in this case?
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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dcmc92dcmc92
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More solutions for this book are available here
Since Sheena is using money as means to purchase goods and services, it is acting as a medium of exchange. Moreover, she receives her salary on the first of every month and spends it over the month, which implies that the money is also acting as a store of value.

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