ECON 1010 Macroeconomics 1
Semester 1, 2012, Practice Test 2
1. One of the functions of money comes from the use of money to transfer purchasing
power to the future. This is called:
Medium of exchange.
b. Unit of account.
Store of value.
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Overview of Cost Terms
Revisiting CVP and Revenue Planning
Following this topic you should be able to:
Understand key cost terms including:
Variable, fixed (non-variable)