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:

Sensory Input

The information that the brain receives from the senses, such as sight, sound, smell, touch, and taste.

Encoding

The initial process of transforming sensory information into a form that can be stored and recalled in memory.

Retrieval

Retrieval is the process of accessing and bringing into consciousness information stored in memory.

Stored

Refers to retaining information or materials in a particular place or medium for future use or retrieval.