In Many Stores in Canada, US Currency Is Accepted for Payment

question 23

Multiple Choice

In many stores in Canada, US currency is accepted for payment because the retailers know that their suppliers and other customers will also accept it. In this example, money serves as which of the following?

• A) a medium of exchange
• B) a unit of account
• C) a store of value
• D) a measure of value

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Definitions:

Lecture Method

A traditional teaching approach where an instructor delivers information directly to learners in a one-way communication mode.

Learning Styles

The preferred modes or methods by which individuals absorb, process, and retain new information.

Skills

The ability to perform tasks and solve problems due to knowledge and practice.

Corporate Trainer

A professional responsible for designing and delivering training programs within corporations to improve skills and knowledge.