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Business, 14.12.2019 07:31 francisco2001

Imagine you own a lawn-mowing business. identify the main function of money exhibited in each situation below.

a. you swipe your debit card to purchase gasoline for your lawn mower: (medium of exchange, unit of account, store of value)
b. you stuff your earnings from mowing lawns into a piggy bank: (medium of exchange, unit of account, store of value)
c. you pay your friend cornelius $5 to you mow lawns: of exchange, unit of account, store of value)
d. you calculate your net earnings for the year on your tax return: (medium of exchange, unit of account, store of value)
e. you determine how much value your new lawn mower has added to your business: (medium of exchange, unit of account, store of value)

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