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When you are using money to purchase a new mp3 player, money is serving as a:?

1 Answer

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The choices were A) store of value. B) medium of exchange. C) unit of account. D) double coincidence of wants

The answer is B) medium of exchange. The money was used as a medium to purchase a product. It can be observed on different transactions of customers to obtain their needed item. It can be a necessity or a want that person must have.
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User Jerry Hicks
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