If peanuts serve as a medium of exchange, a unit of account, and a store of value, thenpeanuts areA) bank deposits.B) reserves.C) money.D) loanable funds.

Question

If peanuts serve as a medium of exchange, a unit of account, and a store of value, thenpeanuts areA) bank deposits.B) reserves.C) money.D) loanable funds.
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Solution 1

The answer is C) money.

Here's why:

  1. Medium of Exchange: This means that peanuts are being used in exchange for goods or services. This is a primary function of money.

  2. Unit of Account: If peanuts are being used as a measure of value in the economic system, they are serving as a unit of acco Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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