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QUESTION 4 If an economy uses Gold as money, then that economy's money a. serves as a store of value but not as a medium

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QUESTION 4 If an economy uses Gold as money, then that economy's money a. serves as a store of value but not as a medium of exchange. b. serves as a medium of exchange but not as a unit of account. c is commodity money. d. has no intrinsic value. QUESTION 5 When in The Netherlands you notice that prices are posted in euros, this best illustrates money's function as a. a store of value. b. a medium of exchange. ca unit of account. d. a method of barter. QUESTION 6 On which of these bonds is the prospect of default most likely? a. a bond issued by new restaurant chain b. a bond issued by the state of Arizona c. a bond issued by the federal government d. a bond issued by General Electric Corporation OO

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