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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Definitions:

Pine Cones

The seed-bearing structures of pine trees, which play a crucial role in the reproductive process of these plants.

Primary Succession

is the process of ecosystem development or recovery on a site where no biological community previously existed, such as on bare rock or lava flows.

Facilitation

The process by which certain living organisms make an environment more suitable for other organisms to inhabit, often leading to changes in the community composition.

Ecosystem

A biological community of interacting organisms and their physical environment, functioning as a system through nutrient cycles and energy flows.