Solved

Which Function of Money Is in Each of the Following

Question 135

Essay

Which function of money is in each of the following cases demonstrating?
(1)You pay $10 for a movie ticket.
(2)You deposit your tax refund check in your saving account.
(3)A restaurant manager sets the prices of meals she serves in dollars.
(4)A restaurant manager places the day's receipts in the safe.
(5)McDonald's announces that a Big-Mac now costs only $1.00.
(6)Bill Gates has a net worth of $50 billion.

Correct Answer:

verifed

Verified

(1)Medium of exchange.
(2)Stor...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents