Author Question: The statement that Computech's profits totaled 500 million last year represents the use of money as ... (Read 60 times)

rlane42 · **on:** Jun 30, 2018

The statement that Computech's profits totaled 500 million last year represents the use of money as a:
a. medium of exchange.
b. store of value.
c. unit of account.
d. means of coincidence.

Question 2

Under a fixed exchange rate system, a government is at risk of running out of foreign currency reserves when the country's imports exceed its exports.
a. True
b. False
Indicate whether the statement is true or false