[Answered] When money is accepted as payment for a good or service, it is being used as a A) medium of ...

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809779

Hero Member
Posts: 579

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

Sr. Member
Posts: 357

Reply #1 on: Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

C

809779

Hero Member
Posts: 579

Reply #2 on: Jun 30, 2018

Correct answers!

Koolkid240

Sr. Member
Posts: 357

Reply #3 on: Jun 30, 2018

Great! Please up vote

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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 85 times)

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