When money is accepted as payment in a market transaction, it is functioning as
A. a factor that shifts the aggregate production function
B. the velocity of circulation.
C. a medium of exchange.
D. the real interest rate.
Answer:C
When money is accepted as payment in a market transaction, it is functioning as
A. a factor that shifts the aggregate production function B. the velocity of circulation. C. a medium of exchange. D. the real interest rate.