Which One of These Items Is NOT a Function of Money

question 110

Multiple Choice

Which one of these items is NOT a function of money?

• A) a store of value
• B) a unit of account
• C) a double coincidence of wants
• D) a medium of exchange

Identify different selling approaches and their application to sales strategy.

Explain the role of technology in enhancing salesperson time efficiency.

Comprehend the importance of relationship networking and the 80/20 principle in sales.

Understand the concept and relevance of sales territories in different industries.

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Definitions:

Binding Price Floor

A government-imposed price control or limit that sets the lowest price at which a good can be sold, which is above the market equilibrium price, leading to excess supply.

Persistent Surplus

A situation where the supply of a good consistently exceeds the demand for it, often leading to a drop in prices.

Quota Rent

The earnings that accrue to the licensee from the difference between the domestic price and the world price of an imported good when imports are limited by a quota.

Government Imposes

Actions taken by a government to enforce regulations, taxes, or penalties on citizens and businesses.