Question

In which of the following cases is money being used as a medium of exchange? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. You pay your neighbor $10 for clearing the snow from your driveway with his snowblower. unanswered Your grandfather gives you $100 for your birthday and you put the money into a savings account. unanswered A plumber raises his hourly rate from $70 per hour to $80 per hour. unanswered A farmer buys seed to plant his crops. unanswered A wealthy alumna donates $1 million to her alma mater. unanswered

Answer 1

You pay your neighbor $10 for clearing the snow from your driveway with his snowb

Step-by-step explanation:

Hi

Answer 2

A farmer buys seed to plant his crops

You pay your neighbor $10 for clearing the snow from your driveway with his snowblower.

Step-by-step explanation:

Money has numerous functions. One of the functions of money is acting as a medium of exchange.

Money serves as a medium of exchange when it can be exchanged for goods and services.

A farmer exchanges $10 For seeds.

One exchanges money for a service (clearing snow)

I hope my answer helps you