Which event indicates that deflation is occurring?
A savings account can suddenly buy much more than before.
The profits of a clothing factory increase rapidly.
The length of time it takes to pay off a home loan decreases by five years.
A local store begins offering ice cream bars at two for $5.00 instead of three for $5.00.
A savings account can suddenly buy much more than before.
How does money differ from barter?
Money is mostly important as a way to get goods and services.
Money is used to exchange goods and services.
Money has value only because people agree that it has value.
Money has been used for thousands of years.
All of the given statements are true and highlight different aspects of how money differs from barter.
please choose 1 it wont let me choose all
Money is used to exchange goods and services.
Bryan needs a new backpack. He compares the prices of three different backpacks at a local store to find the best deal. Which function of money is Bryan demonstrating?
unit of account
store of value
acceptance of payment
medium of exchange