In 2010, Tara used $50,000.00 from funds she had invested in certificates of deposit as a down payment to buy a house. What function did this portion of her investments serve when she made the down payment?
A. unit of exchange.
B. medium of exchange.
C. store of value.
D. unit of account.
Answer:B
In 2010, Tara used $50,000.00 from funds she had invested in certificates of deposit as a down payment to buy a house. What function did this portion of her investments serve when she made the down payment?
A. unit of exchange. B. medium of exchange. C. store of value. D. unit of account.
Explanation: Type: Multiple Choice Category: Analyze