ECON 1BB3 Lecture Notes - Money Multiplier, Money Supply, Excess Reserves

Money eliminates the need for a coincidence of wants in trading primarily through its role as a:

A. Unit of account.

B. Medium of exchange.

C. Store of value.

D. Medium of deferred payment.

Money is anything that can serve as:

A. Unit of account

B. Medium of exchange

C. Store of value

D. All of the above