contestada

When you gave your friend a fifty-dollar bill for an iPod, you used money as:
A. a standard
B. store of value
C. medium of exchange
D. measure of value

Respuesta :

Answer: Medium of exchange.

Explanation:

The $50 is given in exchange for an iPod, therefore in the question's illustration money serves as a medium of exchange. Money as a medium of exchange means that money is needed when conducting business transactions that involves buying and selling.

Otras preguntas