72.8k views
1 vote
A new pair of shoes costs $50. In this case, money is a _

User Scaryguy
by
8.3k points

2 Answers

4 votes
I believe the answer tp your question is: medium 
User Eraxillan
by
8.2k points
6 votes

Answer: A medium of exchange.

Step-by-step explanation:

One of the fundamental functions of money in mainstream economics is being a medium of exchange, in opposition to being a common measure of value, a standard of deferred payment), or a store of value.

Money is a medium of exchange because it´s widely accepted that can be traded for goods and services.

User Ghostff
by
8.0k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.