The three functions of money are:
A) spending for consumption, investment, and government purchases.
B) measuring balance of payments, exchange rates, and interest rates.
C) implementing monetary policy, fiscal policy, and structural policy.
D) serving as a medium of exchange, unit of account, and store of value.
Correct Answer:
Verified
Q12: Money serves as a store of value
Q13: Money serves as a medium of exchange
Q14: Money serves as a basic yardstick for
Q15: If you put a $20 bill in
Q16: When your grandfather keeps a bundle of
Q18: Finding both parties to a trade who
Q19: The main disadvantage of using money as
Q20: Money serves as a unit of account
Q21: Commercial banks create new money:
A)when they increase
Q22: Liabilities of the commercial banking system include:
A)reserves
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