Which of the following statements are TRUE: 1. A $150 price tag on a new pair of jeans represents money acting as a unit of account. 2. My grandmother storing money under her mattress to spend in the future, reflects money acting as a store of value. 3. I pay for my coffee using $5 from my purse. This reflects money as a means of exchange. 4. Deflation in Japan would lead to an leftward shift in the money demand curve. Question 1 Answer a. Statements 2 and 4 are true. b. None of the statements are true. c. Statements 1, 2 and 3 are true. d. Statement 4 is true. e. All of the statements are true