An accountant is paid in cash and buys shoes with it. Money here acts …

Question

An accountant is paid in cash and buys shoes with it. Money here acts as a:

Accepted Answer

A. Medium of exchange

1. Money sits between the two trades.
2. It moves value from one deal to the next.
3. That is a medium of exchange.
_Source: OpenStax Principles of Macroeconomics 3e, Chapter 14, Money and Banking._

Answer

Measure of distance

Answer

Marker of ownership

Answer

Method of storage

An accountant is paid in cash and buys shoes with it. Money here acts as a:

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