Which of the following is a function of money?
A) a medium of exchange
B) a measure of liquidity
C) a means of pooling risk
D) a store of exchange
E) a means of reducing transactions costs
Correct Answer:
Verified
Q13: Without money to act as a medium
Q14: The higher and more unpredictable the changes
Q15: Which one of the following items is
Q16: The largest component of M1 is
A)currency outside
Q17: Which one of the following is a
Q19: Money is
A)equivalent to barter.
B)currency plus credit cards
Q20: Using a credit card can best be
Q21: Which of the following is a store
Q22: Anything can be money as long as
Q23: Which one of the following is not
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