Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3 ) Madam Aisha notices that an Indian dress is selling for Shs 4 , 0 0 0 . In this case money is functioning

3) Madam Aisha notices that an Indian dress is selling for Shs 4,000. In this case money is functioning as a
A) medium of exchange.
B) store of value
C) unit of account.
D) payments-system ruler

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Short Term Financial Management

Authors: Terry S. Maness, John T. Zietlow

3rd Edition

0324202938, 978-0324202939

More Books

Students also viewed these Finance questions