Of Money's Three Functions,the One That Distinguishes Money from Other

question 32

Multiple Choice

Of money's three functions,the one that distinguishes money from other assets is its function as a

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

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Definitions:

Intermediary

A person or entity that acts as a mediator or middleman to facilitate communication or negotiation between two parties.

Repertoire of Behaviors

A range or collection of behaviors that an individual can exhibit in different situations.

Culture-As-Learned-Behavior

The concept that culture is a set of behaviors, values, and norms learned from the society or group one belongs to.

Distributive

Pertaining to the allocation or distribution of resources or benefits among people or groups.