Author Question: In many stores in Canada, US currency is accepted for payment because the retailers know that their ... (Read 63 times)

bobbie · **on:** Jul 14, 2018

In many stores in Canada, US currency is accepted for payment because the retailers know that their suppliers and other customers will also accept it. In this example, money serves as a:
A) medium of exchange.
B) unit of account.
C) store of value.
D) durable commodity.
E) measure of value.

Question 2

A winery owns hundreds of acres of grape vineyards. The grape vines are tended and manually picked by a large staff of workers. Which of the following best describes the cost of this type of production setup?
A) Low initial cost, low operating cost
B) Low initial cost, high operating cost
C) High initial cost, low operating cost
D) High initial cost, high operating cost
E) High capacity, low operating cost