Suppose Prices Are Quoted in Dollars and Transactions Are Conducted

question 384

Multiple Choice

Suppose prices are quoted in dollars and transactions are conducted in pesos. The peso serves as a

• A) medium of exchange.
• B) unit of account.
• C) store of value.
• D) all of the above

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Definitions:

Inherited Trait

Refers to characteristics or attributes that are passed from parents to offspring through their genes.

Behavior Pattern

A repetitive and distinctive way of acting, thinking, or feeling that is characteristic of an individual across different situations.

Type A Behavior

Characterizes individuals who are highly competitive, self-critical, and strive towards goals without feeling a sense of joy in their efforts or accomplishments.

Radical Behaviorism

An approach in psychology that emphasizes the study of observable behavior and the role of the environment as a determinant of behavior, associated with B.F. Skinner.