When a Grocery Store Accepts Your $5 Bill in Exchange

question 13

Multiple Choice

When a grocery store accepts your $5 bill in exchange for bread and milk,the $5 bill serves as a

• A)medium of exchange.
• B)unit of account.
• C)store of value.
• D)standard of deferred payment.

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Definitions:

Soviets

Elected councils that were formed by workers and soldiers in Russia, notably during the Revolution of 1917, leading to the formation of the Soviet Union.

Councils

Assemblies or meetings called for consultation, advice, or decision-making, often within a religious, political, or social context.

Revolution of 1905

A wave of mass political and social unrest that spread through the Russian Empire, including strikes, peasant unrest, and military mutinies, leading to constitutional reform.

Bolshevik Party

A faction of the Russian socialist movement that eventually led the October Revolution of 1917, establishing the Soviet Union.