Money, Banking and Financial Institutions
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Economics Q & A Practice
1 of 5 free exam-style exercises in this topic
Which function of money is illustrated in each transaction?
Transaction
Description
1
A laptop is priced at $900
2
A worker keeps $300 for next month
3
A buyer pays $40 for groceries
Study the visual evidence, then select one option.
A
All are medium of exchange
B
All are stores of value
C
1 store; 2 medium; 3 unit
D
1 medium; 2 unit; 3 store
E
1 unit; 2 store; 3 medium
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