Electro City, a retailer of electronics, has 2,000 different products in inventory. Electro City reports its inventory is worth $12 million. This is an example of using money as a store of value. medium of exchange. standard of deferred payment. O unit of account.

Electro City, a retailer of electronics, has 2,000 different products in inventory. Electro City reports its inventory is worth $12 million. This is an example of using money as a store of value. medium of exchange. standard of deferred payment. O unit of account.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section14.2: History Of Americans Money And Banking

Problem 2R

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Question

Electro City, a retailer of electronics, has 2,000 different
products in inventory. Electro City reports its inventory is
worth $12 million. This is an example of using money as a
store of value.
medium of exchange.
standard of deferred payment.
O unit of account.

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