Suppose That Transactions Are Conducted in Pesos and Prices Are

question 20

Multiple Choice

Suppose that transactions are conducted in pesos and prices are quoted in dollars. In this case the peso is used primarily as a

• A)medium of exchange and unit of account.
• B)unit of account.
• C)medium of exchange.
• D)unit of account and store of value.
• E)store of value.

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