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Alle Oberthemen / Economics / History of Economics / Econ 2200 Exam 2
94
What three things does money do for you?  Explain each.
1) Medium of exchange - it is accepted for goods and services (most important)
2) Standard unit of account - prices are generally quoted in dollars and not goats or silly bands
3) Store of value - way of holding wealth (not the only way to hold wealth; can be in land, bonds, etc.)
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Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 12.10.2010

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