Jack Buys Something from the Internet Using Bitcoin

question 26

Multiple Choice

Jack buys something from the Internet using bitcoin. Which function of money does this illustrate?

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

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Definitions:

Attitude

A learned predisposition to respond in a consistently favorable or unfavorable manner with respect to a given object, person, or issue.

External Attributions

The process of explaining someone's behavior by referring to situational factors, rather than personal characteristics.

Situational Factors

External elements or circumstances that can influence an individual's behavior or the outcome of a decision or event.

Contrast Effect

An effect that takes place when people rank something higher or lower than they should as a result of exposure to recent events or situations.