A House Is $100,000,a Computer Is $2,000,and a Car Is

question 98

Multiple Choice

A house is $100,000,a computer is $2,000,and a car is $20,000.In this context,money is principally functioning as a

• A) unit of account.
• B) store of value.
• C) medium of exchange.
• D) none of the above

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Definitions:

Tacos

A traditional Mexican dish consisting of a folded or rolled tortilla filled with various mixtures, such as seasoned meats, beans, cheese, and vegetables.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased at given prices and within a consumer's budget.

Horizontal Axis

In a graph or chart, the x-axis, which usually represents the independent variable or time scale.

Purchases

Transactions in which goods or services are acquired in exchange for money, indicating consumer buying behavior or demand in an economy.