Lance paid $175,000 for his house in 2003 and sold it for $325,000 in 2006. What function did the house serve during the time Lance owned it?
A. medium of exchange
B. unit of account
C. store of value
D. unit of exchange
Answer:C
Lance paid $175,000 for his house in 2003 and sold it for $325,000 in 2006. What function did the house serve during the time Lance owned it?
A. medium of exchange B. unit of account C. store of value D. unit of exchange
Explanation: Type: Multiple Choice Category: Analyze