Question

In: Accounting

Indicate the number of the answer that best defines or describes the following terms. i. Money...

Indicate the number of the answer that best defines or describes the following terms.

i. Money when used to execute transactions. __________

ii. Money's ability to be used intertemporally. __________

iii. Money as a standard unit of account. __________

iv. Kept by banks to meet withdrawals. __________

v. Money as an asset. ___________

vi. Exchange without money. ___________

1. Barter

2. Measure of value

3. Medium of exchange

5. Store of value

6. Reserves

7. Standard of Deferred payment

Expert Solution

i. Money when used to execute transactions. 3.

ii. Money's ability to be used intertemporally. 7.

iii. Money as a standard unit of account. 2.

iv. Kept by banks to meet withdrawals. 6.

v. Money as an asset. 5.

vi. Exchange without money. 1.

ekkarill92 answered 1 year ago

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