When Economists Refer to the Role of Money as a Store

question 46

Multiple Choice

When economists refer to the role of money as a store of value, they mean that

• A)money never loses its value, unlike other assets.
• B)money allows value to be stored easily.
• C)the value of money falls only when the quantity of money in circulation falls.
• D)the value of money falls only when the quantity of money in circulation rises.

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Definitions:

Market Orientation

An approach requiring organizations to gather information about customer needs, share that information throughout the firm, and use that information to help build long-term relationships with customers.

Labeling

The presentation of important information on a package.

Sales Orientation

Sales orientation is a business approach that prioritizes selling products and services through aggressive promotion and sales techniques.