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When you gave your friend a fifty-dollar bill for an iPod, you used money as a standard store of value medium of exchange measure of value

When you gave your friend a fifty-dollar bill for an iPod, you used money as a standard store of value medium of exchange measure of value
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When you gave your friend a fifty-dollar bill for an iPod, you used money as a

standard

store of value

medium of exchange

measure of value

asked
User Nneka
by
8.5k points

1 Answer

1 vote
When you gave your friend a fifty-dollar bill for an iPod, you used money as a medium of exchange.
This is because you exchanged your money for an iPod.
answered
User Vsevik
by
8.0k points
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