Electro City, a retailer of electronics, has 2,000 different products in inventory. Electro City reports its inventory is worth $12 million. This is an example of using money as a store of value. medium of exchange. standard of deferred payment. O unit of account.

Electro City, a retailer of electronics, has 2,000 different products in inventory. Electro City reports its inventory is worth $12 million. This is an example of using money as a store of value. medium of exchange. standard of deferred payment. O unit of account.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Electro City, a retailer of electronics, has 2,000 different
products in inventory. Electro City reports its inventory is
worth $12 million. This is an example of using money as a
store of value.
medium of exchange.
standard of deferred payment.
O unit of account.

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