Which of the Following Is a Primary Function of Money

question 253

Multiple Choice

Which of the following is a primary function of money?

• A) to serve as a unit of account
• B) to reduce the burden of excessive imports
• C) to serve as an encouragement to work
• D) to raise funds for the government

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Definitions:

Weberian

Relating to the theories or methodologies of Max Weber, a German sociologist, who focused on understanding the processes of rationalization, secularization, and the "iron cage" of modernity.

Cropland Into Pastures

The process of converting agricultural land primarily used for growing crops into land used for grazing animals.

British Colonialism

The period of history during which Britain expanded its empire through the acquisition and management of colonies in various parts of the world.

Seventeenth-Century Britain

The period in British history from 1601 to 1700, marked by significant political, cultural, and social changes, including the English Civil War and the beginning of the British Empire.