Which of the following functions as both a store of value and a medium of exchange?   a. Cash and stocks     b. Neither cash nor stocks     c. Cash but not stocks     d. Stocks but not cash

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter9: The Financial Markets And The Economy: The Tail That Wags The Dog
Section: Chapter Questions
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Which of the following functions as both a store of value and a medium of exchange?

  a. Cash and stocks  
  b. Neither cash nor stocks  
  c. Cash but not stocks  
  d. Stocks but not cash  
 
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