Checks Are NOT Money Because They

question 582

Multiple Choice

Checks are NOT money because they

• A) are merely instructions to transfer money.
• B) are not backed by either gold or silver.
• C) have value in exchange but little intrinsic value.
• D) are issued by banks, not by the government.

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Definitions:

Affiliation Needs

A person's need to feel a sense of involvement and belonging within a social group, impacting their social interactions and relationships.

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, focusing on achieving one's full potential and self-fulfillment.

Affiliation Needs

The human desire to build and maintain social relationships, connections, and a sense of belonging with others.

Physiological Needs

Basic human requirements for survival and physical well-being, such as food, water, shelter, and sleep, as identified in Maslow's hierarchy of needs.