Money Frees Society from a System of Barter

question 8

Multiple Choice

Money frees society from a system of barter.In doing so,money is performing which of the following functions?

• A) Store of value
• B) Measure of worth
• C) Unit of account
• D) Determination factor
• E) Medium of exchange

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Definitions:

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings.

Minnesota Multiphasic Personality Inventory

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Objective Test

A method of assessment where responses are limited to specific answers, allowing for easy scoring and comparison.

Questionnaire

A research instrument consisting of a series of questions for the purpose of gathering information from respondents.