When We Say That Money Serves as a Medium of Exchange

question 177

Multiple Choice

When we say that money serves as a medium of exchange, we mean that it is:

• A)a way to keep some of our wealth in a readily spendable form for future use.
• B)a means of payment.
• C)a monetary unit for measuring and comparing the relative values of goods.
• D)declared as legal tender by the government.

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