What two types of money are commonly used in the U.S today?
silver and gold
coins and paper currency***
weighted and weighted coins
goods and services
How is money used as a store of value?
People use money to buy productive resources to make goods and services
People agree that money has value to purchase needed goods and services**
People save money over time for future purchases of goods and services
Inflation primarily differs from deflation in that
Inflation tracks changing prices but deflation does not
inflation relates to rising rather than falling prices
inflation happens only when the money supply is too small***
inflation occurs much more often than deflation does
The first is correct. The other two are not.
Be sure to look up these words in a dictionary.
inflation (noun)
store (verb)
http://www.dictionary.com
3.B
And 2 Im going to say C
Wait I didn't post all the answers to 2
How is money used as a store of value?
People use money to buy productive resources to make goods and services
People agree that money has value to purchase needed goods and services
People save money over time for future purchases of goods and services
people compare the value of different goods and services by the cost of their money
Would 2 still be C?
Yes, both are now correct.
Remember to use the dictionary to make sure you are 100% sure of the meaning of every word in any question and all answer choices.
Yes, C is correct for #2.
Purchasing and buying are spending.
Saving is storing.
Bryan need's a new backpack. He compares the prices of three different backpacks at a local store to find the deal . Which purpose of money is Bryan demonstrating?
A. Unit of account
B. store of value
C. acceptance of payment
D. medium of exchange
How are these terms defined in your text?
•Store of value: People use money to save up for future purchases.
•Unit of account: People use money to compare the market value of different goods and services.
•Medium of exchange: People use money to pay for goods and services