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  1. Topics
  2. Business
  3. Macroeconomics Study Set 48
  4. Quiz 14: Money, Banking, and the Federal Reserve System

When People Purchase Downloaded Music, They Are Using Money Primarily

Question 30
Multiple Choice

When people purchase downloaded music, they are using money primarily as a: A) medium of exchange. B) store of value. C) unit of account. D) store of account.

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Q 31
The store-of-value function of money is: A) necessary and distinctive. B) not necessary but distinctive. C) necessary but not distinctive. D) not necessary and not distinctive.
Q 32
When you or your parents pay the tuition at college, money is being used mainly as a: A) unit of account. B) store of value. C) medium of exchange. D) unit of account, a store of value, and a medium of exchange.
Q 33
When you are looking at a car's price to decide whether you can afford it, you are using money primarily as a: A) unit of account. B) store of value. C) medium of exchange. D) medium of exchange and a unit of account.
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