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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
When we keep part of our wealth in a bank checking account, we are using money as a ________ because ________.
A) store of value; we are holding the money to exchange for goods at a later time
B) medium of exchange; we are holding the money to gain interest earned
C) barter token; we are holding the money to exchange for goods at a later time
D) unit of account; we are holding the money to exchange for goods at a later time
E) unit of currency; we have agreed upon the value of the money with bank
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
My pleasure Happy Dummy
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