Ask Question
BusinessBusiness
26 November, 20:24

When you are using money to purchase a new mp3 player, money is serving as a:?

+4
Answers (1)
  1. 26 November, 23:41
    0
    The choices were A) store of value. B) medium of exchange. C) unit of account. D) double coincidence of wants

    The answer is B) medium of exchange. The money was used as a medium to purchase a product. It can be observed on different transactions of customers to obtain their needed item. It can be a necessity or a want that person must have.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When you are using money to purchase a new mp3 player, money is serving as a:? ...” 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
Opponents of globalization argue that falling trade barriers A. allow firms to move manufacturing activities to countries with lower wage rates. B. create manufacturing jobs in wealthy advanced economies. C.
Answers (1)
Jane, Joseph and John are supporting their father who lives in a separate apartment. Their contribution towards his support is 10%, 35% and 55%, respectively. In a multiple support agreement, who would be entitled to claim the father as a dependent?
Answers (1)
Farmer Jean sells corn in a perfectly competitive market. The market price for a bushel of corn is $6. Jean has six hundred bushels of corn to sell. If her total variable cost is $3,300 and her total fixed cost is $300, then: a.
Answers (1)
Price discrimination is the practice of charging different prices for the same product that are not justified by cost differences.
Answers (1)
Is unearned revenue classified as an asset account? or a liability
Answers (1)
New Questions in Business
Symbic Foods, a chain of fast food restaurants, has included a drop-down menu on its main Web site. With this drop-down menu, people can view their country-specific Web site, which contains information about the dishes that Symbic Foods serves in
Answers (1)
Zoe buys three new lipsticks from a store at the mall. Which payment method would reduce the amount of money in her checking account?
Answers (1)
Q 1.1: managerial accounting reports could not be described as
Answers (1)
Gwen, an independent consultant, traveled to New York City on a business trip. Gwen spent 4 days in business meetings and conferences and then spent 2 days sightseeing in the area. Gwen's plane fare for the trip was $250. Meals cost $160 per day.
Answers (1)
If your seller cost is $8.00 and the price ceiling is $7.00, you will:
Answers (1)
Home » Business » When you are using money to purchase a new mp3 player, money is serving as a:?
Sign Up Forgot Password?