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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: a system that keeps only a fraction of funds on hand and lends out the remainder

User: in econmics what is m-1

User: in econmics what is m-1 in econmics what is m-2 in econmics what is m-3 in econmics what is m-4

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Asked 8/29/2012 10:02:51 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
1 Answer/Comment
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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