One of the Three Functions of Money Is to Serve

question 119

Multiple Choice

One of the three functions of money is to serve as a:

• A)financial asset.
• B)financial liability.
• C)real asset.
• D)real liability.

---

Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing to purchase at a given price at a specific time.

Total Revenue

The total receipts from sales of goods or services provided by a company.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, all of whom have full information and the products are homogeneous, leading to no single buyer or seller being able to influence the market price.

Quantity Of Output

The total amount of goods or services produced by a company, sector, or economy during a specified period.