Money acting as an intermediary between buyer and seller serves as a:
ADeferred payment
BMedium of exchange
CStore of value
DUnit of account
Answer & Solution
Correct answer: B. Medium of exchange
1. The accountant sells services for money, then buys shoes.
2. Money is a medium of exchange.
3. It must be widely accepted.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 13, Money and Banking (CC BY 4.0)._
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