Economics

1. Johnny washes Mrs. Smith s car. She offers to pay Johnny with cookies but Johnny prefers cash.

A. Measure of Value
B. Medium of Exchange
c. Store of Value

2. Johnny puts the money he earns from washing cars under his mattress. He will spend it later.

A. Measure of Value
B. Medium of Exchange
c. Store of Value

3. Johnny has $30. He knows he can either buy one pair of jeans or two CDs with that money.

A. Measure of Value
B. Medium of Exchange
c. Store of Value

1. B
2. C
3. A

I need help in determining if these are right.

asked by Anonymous
  1. I agree with your answers.

    posted by Ms. Sue

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