Which of the Following Is an Example of Money Functioning

question 570

Multiple Choice

Which of the following is an example of money functioning as a medium of exchange?

• A) Bank of America paying you 3 percent on your saving account.
• B) Walmart accepting your $20 when buy a CD.
• C) You saving your spare change in a jar before depositing them in your savings account.
• D) Apple pricing an iPhone at $299.

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Definitions:

Animistic Thinking

A cognitive conception in children where inanimate objects are believed to have life and animate qualities.

Centration

A term from Piaget's theory of cognitive development, describing a stage where a child focuses on one aspect of a situation, neglecting other relevant features.

Deferred Imitation

The ability to replicate an action observed at a later time, which demonstrates an advanced level of cognitive development in children.

Preoperational

A stage in Piaget's theory of cognitive development where children ages 2-7 start to use symbols but still lack logical reasoning.