The higher the marginal propensity The higher the marginal propensity Help Save

Question

The higher the marginal propensity The higher the marginal propensity Help Save & Exit Sub Money has three roles: a medium of exchange, a store of value, and a standard of value. Which role is money playing in each of the following? a) You go to the store and buy groceries. (Click to select) b) You put c) You write a check to make a purchase. [Click to select d) You receive a paycheck from your employer. Click to selecl e) You have money taken out of your paycheck for your retirement account tacktoseed f) You choose between two televisions, one costing $200 and the other costing $300 Clicktos! your money into a savings account. Click to select)

Explanation / Answer

a) medium of exchange ( transaction is taking place)

b) store of value ( as money is being saved)

c) medium of exchange ( transaction being held )

d) medium of exchange (you get paid for your duties delivered)

e) store of value (saving a lumpsum amount for future)

f) standard of value ( comparing the value of two options based on how much they cost )

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