Question 5(Multiple Choice Worth 4 points)
(01.06 LC)
Which function of money describes its use in the buying and selling of goods and services?
O Standard
O Store of value
O Medium of exchange
Measure of value

Money serves as a medium of exchange because it is use as intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.

In today world , the medium of exchange is money and it is used in the buying & selling of goods and services.

Therefore, the Option C is correct.

Question 5(Multiple Choice Worth 4 points) (01.06 LC) Which function of money describes its use in the buying and selling of goods and services? O Standard O Store of value O Medium of exchange Measure of value

Respuesta :

What is Money as Medium of exchange?

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Question 5(Multiple Choice Worth 4 points)
(01.06 LC)
Which function of money describes its use in the buying and selling of goods and services?
O Standard
O Store of value
O Medium of exchange
Measure of value