M b nitofaccount u c toreofvalue s d

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Unformatted text preview: nd milk, this illustrates the W $5 bill serving as a A) edium of exchange. m B) nit of account. u C) tore of value. s D) tandard of deferred payment. s 4) he key to having citizens in an economy accept something as money is T A) aving the federal government declare the good be accepted in payment of debts. h B) aving the federal government declare that the good is legal tender. h C) he good should have gold backing it. t D) ll citizens accept the good as a means of payment for transactions and all debts. a...
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This note was uploaded on 04/22/2010 for the course ECONOMICS ECON1002 taught by Professor None during the Spring '10 term at Hong Kong Institute of Vocational Education.

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