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  • In economics, money refers to #61
  • The following are all functions of money except #62
  • Money's primary role in the economy comes from the benefits of lowering transactions costs and allowing specialization. This function of money is called #63
  • For something to satisfy the medium-of-exchange function of money, it must be #64
  • Which of the following best illustrates the medium of exchange function of money? #65
  • The most direct effect of an increase in the growth rate of average labor productivity would be an increase in #66
  • In some countries, prices in stores are listed in terms of U.S. dollars, rather than in units of the local currency. That's most likely because #67
  • In some countries the U.S. dollar is used as a unit of account rather than the local currency. The primary reason for this is that #68
  • The number of units of one good that trade for one unit of alternative goods can be determined most easily when #69
  • A good that is used as a medium of exchange as well as being a consumption good is called #70
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