Use of Money to Save Up for a Future Cash

question 49

Multiple Choice

Use of money to save up for a future cash purchase would be an example of money's role as a

• A)medium of exchange.
• B)store of value.
• C)unit of account.
• D)store of wealth.
• E)standard of deferred payment.

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Definitions:

Whitman

Walt Whitman, an American poet, essayist, and journalist, best known for his poetry collection "Leaves of Grass", which was groundbreaking for its celebration of the human spirit and sexuality.

Poe

Edgar Allan Poe was an American writer, editor, and literary critic best known for his poetry and short stories, particularly his tales of mystery and the macabre.

Dickinson

Likely refers to Emily Dickinson, an American poet known for her unique style and prolific works, largely unpublished during her lifetime in the 19th century.

American Literature

A body of written works produced in the United States and reflective of the American experience, culture, and history.