Question 1 1 pts Which of the following is a function of money? All of the answe

Question

Question 1 1 pts Which of the following is a function of money? All of the answers are correct a unit of account medium of exchange O a store of value Question 2 1 pts Commercial banks are able to facilitate the expansion and contraction of the money create money only when only a fraction of deposits are held in reserve. interest rates are above 2%. the Fed sells U.S. government bonds. the reserve requirement is 100%. Question 3 1 pts If the economy is in an expansionary gap, which policy would you recommend to get the economy to full employment? Contractionary Fiscal Policy Expansionary Fiscal Policy No policy

Explanation / Answer

ans....
11.
the correct option is A.
REASON

Money is known as the medium of exchange it also functions as the store value and unit of account. A unit of account of money means that a money can be measured in the unit which is acceptable in the country.

Hence unit of account, the medium of exchange and store of value are the function of the moneyso that the all option are correct...

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