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Q: in the 1800s people in mining towns in the west often paid for goods with gold nuggets or gold dust. what was the function of gold?
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User: in the 1800s people in mining towns in the west often paid for goods with gold nuggets or gold dust. what was the function of gold?

User: why is representative money more useful than commodity money?

User: Which of the following correctly defines money as a unit of account?

User: what is the difference between commodity money and representative money

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Asked 8/28/2012 9:21:17 AM
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which of the following statements is true? a. money is medium of exchange b. money is a unit of account c. money serves as a store of value d. all of the above
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Expert Answered
Updated 2/10/2014 9:30:39 AM
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D. All of the above statements are true. Money is a medium of exchange, a unit of account and serves as a store of value.

Added 2/10/2014 9:30:36 AM
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