Bill has been saving money from each of his paychecks in a separate account at his local credit union he calls his "fun money".
Bill has saved $1,000 and is starting to think about ways he may use his fun money. He knows that $1,000 could afford him a nice vacation to the mountains for a few days, or the new tires he wants for his truck. He has also considered spending the money on repainting his home. The possibilities seem endless!
Which function (s) of money is BEST represented by Bill's $1000 fun money?
A. unit of account
B. medium of exchange
C. unit of account and store of value
D. medium of exchange and store of value
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Bill has been saving money from each of his paychecks in a separate account at his local credit union he calls his "fun money". Bill has ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:
Answers (1)
Should the u. s. and other national governments ban or more severely regulate the manufacture, sale and use of e-cigarettes, why or why not?
Answers (1)
1. Why do companies frequently expand their business operations into other countries?
Answers (1)
Alexis wants to make online purchases, but she is unsure about the e-commerce model. Which disadvantage of e-commerce is dissuading Alexis from making online purchases? A. possibility of higher price of products B. possibility of identity theft C.
Answers (1)
What factors caused American business to develop into a mixed economic system rather than some other type of economic system?
Answers (1)
New Questions in Business
If expansionary policy produces high GDP and low unemployment, why wouldn't the Fed always use expansionary policy?
Answers (1)
What is scientific management
Answers (1)
Which of the following is considered a "diversified" investment? A. Mutual Fund B. Index Fund C. Both of these D. Neither of these
Answers (1)
Monique was looking for a venue for her wedding reception. When she visited one potential location, she noticed that the landscaping was not complete, and there was stained carpet in the lobby.
Answers (1)
If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be: a. a $3,333 increase in required reserves and an $425 increase in excess reserves. be.
Answers (1)