As Long as Money Serves as a Medium of Exchange

question 172

True/False

As long as money serves as a medium of exchange, it also serves as a store of wealth.

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Definitions:

Productive Capacity

The maximum output a company, sector, or economy can produce using its current resources efficiently.

Wage Bill

The total amount of money paid by businesses to their employees for work performed, typically over a specific period.

Remittance

The transfer of money by foreign workers to individuals in their home country.

Immigration

The process by which individuals move from one country to another with the intention of settling there.