L19 Money

Multiple Choice

Money’s function as a __________ ensures that individuals will be able to purchase goods and services without having to fulfill a double coincidence of wants. 

• 1. store of value

• 1. unit of account

• 1. medium of exchange

• 1. None of the above.

Multiple Choice

Money’s __________ function means that money can be reliably saved now and used later. 

• 1. store of value

• 1. unit of account

• 1. medium of exchange

• 1. None of the above.

Multiple Choice

Money serves its store of value function worst when prices are __________.

• 1. increasing

• 1. stable

• 1. falling

• 1. Prices do not affect money’s ability to store value. .