Suppose That Transactions Are Conducted in Euros and Prices Are

question 29

Multiple Choice

Suppose that transactions are conducted in euros and prices are quoted in dollars. In this case the dollar functions primarily as a

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

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Definitions:

Continuous Random Variable

A variable capable of assuming any value out of countless possibilities within a specific interval.

Continuous Random Variable

A type of random variable that can take an infinite number of possible values in a continuous range.

Discrete Random Variable

A variable that can take on a finite or countably infinite set of values, each with a measurable probability.

Density Function

A mathematical function that describes the probability distribution of a continuous random variable.