The Functions of Money Are

question 32

Multiple Choice

The functions of money are

• A) a conductor of economic activity, a medium of exchange, and a store of value.
• B) a medium of exchange, a store of value, and a factor of production.
• C) a store of value, a medium of exchange, and a determinant of investment.
• D) a store of value, a unit of account, and a medium of exchange.

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Definitions:

Financial Outcomes

The results of financial transactions and events, affecting the financial health and performance of a business or individual over a period.

Critical Success Factors

Key areas in which satisfactory results will ensure successful competitive performance for the organization.

Continuous Improvement

A continuous endeavor to enhance products, services, or processes by making both small and significant improvements.

World-class

A term used to describe products, services, processes, or operations that are considered to be among the best in the world.