Which of the Following Statements Is False

question 21

Multiple Choice

Which of the following statements is false?

• A) Money is the only good that can (or does)serve as a store of value.
• B) In a barter economy,there is no good that serves as a unit of account.
• C) There are higher transaction costs of making exchanges in a barter economy than in a money economy.
• D) Money functions as a medium of exchange,unit of account,and store of value.

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Definitions:

Negotiators

Individuals involved in discussions aimed at reaching an agreement, each representing their own or their organization's interests.

Political Pluralism

The recognition and acceptance of diversity in political beliefs and ideologies within a society or state.

Legal Pluralism

The existence of multiple legal systems within a single geographic area, where different laws govern different groups of people.

Cross Cultural

Pertaining to or comparing two or more different cultures, analyzing differences and similarities in behaviour, customs, and values.