Nicholas Is Saving Money Collected from His Paper Route in Order

question 264

Multiple Choice

Nicholas is saving money collected from his paper route in order to purchase a new bicycle. His saving represents using money as

• A) an unit of account.
• B) a store of value.
• C) a medium of exchange.
• D) none of the above

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Definitions:

Enthymeme

A rhetorical version of a syllogism missing one of the premises or the conclusion, but implied by the argument.

Validly Completed

Refers to a logical argument that is structured correctly and follows the principles of logic, thus leading to a true conclusion if the premises are true.

Distributed

In logic, refers to a term in a categorical proposition that is used to assert something about every member of the category it represents.

Proposition

A formal statement or proposition in logic or mathematics, proposed for acceptance or rejection.