During the late​ 1970s, prices quoted in terms of the Israeli​ currency, the​ shekel, rose so fast that grocery stores listed their prices in terms of the U.S. dollar and provided customers with​ dollar-shekel conversion tables that they updated daily. Although people continued to buy goods and services and make loans using​ shekels, many Israeli citizens converted shekels to dollars to avoid a reduction in their wealth due to inflation.​ Thus, the U.S. dollar functioned as money in Israel during this period

Question

Part 2
A.
as a standard of deferred payment.
B.
as a credit card.
C.
as a unit of accounting
.
D.
as a medium of exchange.

Answer 1

D. as a medium of exchange.

Answer 2

wrong answer.

Answer 3

Apologies for the incorrect answer. Given the context provided, the correct answer is:

A. as a standard of deferred payment.

Answer 4

No, C is the answer.

Answer 5

Apologies for the confusion. You are correct. In the given context, the U.S. dollar being used as a unit of accounting is the correct answer. Thank you for pointing that out.