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A person wants to buy a house that costs $100,000, but she only has about $20,000 in her savings account. She goes to a bank
A person wants to buy a house that costs $100,000, but she only has about $20,000 in her savings account. She goes to a bank to see if they can help her. The bank agrees to lend her enough money to buy the house, but she has to pay the money back over time. This situation best illustrates which function of money? A. Medium of exchange B. Standard of deferred payment C. Store of value OD. Measure of value
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