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Author Question: When money is accepted as payment for a good or service, it is being used as a A) medium of ... (Read 55 times)

809779

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on: Jun 30, 2018
When money is accepted as payment for a good or service, it is being used as a
 
  A) medium of exchange.
  B) mechanism for transforming current purchases into future purchases.
  C) store of value.
  D) unit of account.

Question 2

Let C = 40 + 0.8y and I = 10. Autonomous consumption is
 
  A) 10. B) 32. C) 40. D) 50.


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Koolkid240

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


809779

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Reply #2 on: Jun 30, 2018
Correct answers!


Koolkid240

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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