Which event indicates that deflation is occurring?

Question

(1 point)
Responses

A savings account can suddenly buy much more than before.
A savings account can suddenly buy much more than before.

The profits of a clothing factory increase rapidly.
The profits of a clothing factory increase rapidly.

The length of time it takes to pay off a home loan decreases by five years.
The length of time it takes to pay off a home loan decreases by five years.

A local store begins offering ice cream bars at two for $5.00 instead of three for $5.00.

Answer

Answer 1

A savings account can suddenly buy much more than before.

Answer 2

om barter?

(1 point)
Responses

Money is mostly important as a way to get goods and services.
Money is mostly important as a way to get goods and services.

Money is used to exchange goods and services.
Money is used to exchange goods and services.

Money has value only because people agree that it has value.
Money has value only because people agree that it has value.

Money has been used for thousands of years.

Answer 3

Money is mostly important as a way to get goods and services.

Answer 4

Bryan needs a new backpack. He compares the prices of three different backpacks at a local store to find the best deal. Which function of money is Bryan demonstrating?

(1 point)
Responses

unit of account
unit of account

store of value
store of value

acceptance of payment
acceptance of payment

medium of exchange

Answer 5

Bryan is demonstrating the function of money as a unit of account.