The Most Direct Way in Which Money Eliminates the Need

question 9

Multiple Choice

The most direct way in which money eliminates the need for a double coincidence of wants is through its use as a

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

---

Definitions:

Time-Outs

A disciplinary technique used to remove a child from an environment where inappropriate behavior has occurred, to encourage reflection and calm down.

Successive Approximations

A method used in conditioning and learning in which behaviors are broken down into simpler steps and rewarded progressively as they become closer to the desired behavior.

Shaping

A method used in behavioral psychology to gradually teach new behaviors through the use of reinforcement for successive approximations to the desired behavior.

Discriminative Stimulus

A specific cue or stimulus in the environment that signals the availability of reinforcement or punishment, guiding behavior accordingly.