Author Question: The transactions approach to measuring money relies on the role of money primarily as a A) ... (Read 82 times)

wenmo · **on:** Jun 30, 2018

The transactions approach to measuring money relies on the role of money primarily as a

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

Question 2

If an individual's opportunity cost of commute is 300 per month and his monthly commuting time is 60 hours, his opportunity cost of time is:

A) 10 per hour. B) 5 per hour. C) 30 per hour. D) 60 per hour.