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Donna pays $5 for a sandwich and bag of chips. What function is money serving in this example?
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Apr 1, 2018
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Donna pays $5 for a sandwich and bag of chips. What function is money serving in this example?
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John Stewart
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The money is serving as a
medium of exchange
. You are exchanging money, which represents the ability to purchase any good of equal value, for the sandwich and bag of chips.
Moritz Roessler
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Apr 7, 2018
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Moritz Roessler
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