Which of the Following Items Serve as a Medium of Exchange

question 30

Multiple Choice

Which of the following items serve as a medium of exchange in the United States?
I. $100 cash
II. 50 euros
III. the balance in your checking account
IV. a $1,000 corporate stock that you own

• A) I only
• B) I and II
• C) I, II, and III
• D) I and III
• E) I, II, III, and IV

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