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.