Ask Question
8 January, 06:59

Bart is able to buy 50 water balloons with the $5 bill he received for his allowance. This is an example of money as

+5
Answers (2)
  1. 8 January, 07:10
    0
    A medium of exchange.
  2. 8 January, 07:28
    0
    Answer: medium of exchange.

    Explanation:

    Bart is able to change the $5 bill he has, for 50 water balloons. This means that the 5 dollar bill has a given value, and that is may be used to, in this case, obtain water balloons. This means that the 5 dollar bill is a "medium of exchange" which means "A widely accepted token that goods and services"

    So this is an example of money as a medium of exchange.
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 ...” in 📗 SAT if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers