Which of the following are money in the U.S. economy? Which are not? Explain your answers by

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Which of the following are money in the U.S. economy? Which are not? Explain your answers by discussing each of the three functions of money.
a. A U.S. penny
b. A Mexican peso
c. A Picasso painting
d. A plastic credit card

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:12 AM

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Which of the following are money in the U.S. economy? Which are not? Explain your answers by

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a A US penny is money in the US economy because it is used as a medium of exchange to buy goods ...View the full answer

Principles of economics

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