A person wants to buy a boat from his neighbor. Instead of trying to find
something valuable to trade for the boat, he can pay his neighbor money for
it. Then the neighbor can spend the money on whatever he wants.
This situation best illustrates which function of money?
A. Store of value
B. Standard of deferred payment
C. Measure of value
D. Medium of exchange
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A person wants to buy a boat from his neighbor. Instead of trying to find
something valuable to tra...
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