Which of the Following Is an Example of Money Functioning

question 70

Multiple Choice

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

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

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Definitions:

Social Class

A division of society based on social and economic status, often influencing individuals' opportunities, lifestyles, and attitudes.

Everyday Habit

refers to routine behaviors or practices that individuals perform regularly without much thought.

Life Chances

The opportunities that people have in common by virtue of belonging to a particular class.

Class Revolution

A fundamental and profound change in a society's class structure, often associated with social and political upheaval aimed at redistributing power and resources.