You read a news story about a country that is suffering from rapid, ongoing increases in the
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You read a news story about a country that is suffering from rapid, ongoing increases in the cost of living. Which characteristic of money is being directly negatively impacted in that economy?
1. Unit of account
2. Medium of exchange
3. Store of value
4. Double coincidence of wants
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Related Book For
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
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