A Checking Deposit Functions as

question 103

Multiple Choice

A checking deposit functions as

• A)a medium of exchange and as a store of value.
• B)a medium of exchange,but not as a store of value.
• C)a store of value,but not as a medium of exchange.
• D)neither a medium of exchange nor as a store of value.

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Definitions:

Marginal Revenue Product

The extra income derived from the utilization of an additional input unit.

Additional Revenue

Typically refers to incremental income generated from increased sales or services, beyond what is normally expected.

Additional Unit

Refers to the increment of one unit in the quantity of goods or services produced or consumed.

Marginal Product of Labor

The additional output that is produced by adding one more unit of labor, keeping other inputs constant.