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You receive money as payment for mowing your neighbor's lawn. which function of money does this best illustrate?

a. medium of exchange
b. unit of account
c. store of value
d. liquidity

User Kattie
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1 Answer

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Final answer:

Money received for mowing a lawn acts as a medium of exchange, enabling the easy trading of services for goods or other services.

Step-by-step explanation:

Receiving money as payment for mowing your neighbor's lawn best illustrates the function of money as a medium of exchange. When money acts as a medium of exchange, it is used to facilitate the buying and selling of goods or services. In this case, the money serves as an agreed-upon means for you to sell your lawn-mowing service and in turn, gives you the ability to purchase goods or services from someone else.

User Svintus
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