Ask Question
11 September, 05:45

Bart is able to buy 50 water balloons with the $5 bill he received for his allowance. This is an example of money as A) fiat money. B) an investment. C) a store of value. D) a medium of exchange.

+3
Answers (2)
  1. 11 September, 05:54
    0
    The correct answer would be option D, A medium of exchange.

    Explanation:

    Bart is able to buy 50 balloons with the 5 dollar bill he received for his allowance. This is an example of a medium of exchange.

    Medium of exchange is the intermediary instrument, which must have some recognized value. This intermediary instrument is used to make purchases, sales, or trades of goods or services between two parties.

    In our world, we usually use currency as a medium of exchange to make sales, purchases or any type of trades of goods or services.

    So when Bart purchases 50 balloons, and gave 5 dollar bill, he is actually using this 5 dollar bill as a medium of exchange to make a purchase.
  2. 11 September, 08:16
    0
    d

    Explanation:

    d
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bart is able to buy 50 water balloons with the $5 bill he received for his allowance. This is an example of money as A) fiat money. B) an ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers