Money, in the Form of Currency, Can Be Used for Future

question 174

Multiple Choice

Money, in the form of currency, can be used for future purchases and thus illustrates the ________ function of money.

• A) basis for banking system
• B) store of value
• C) medium of exchange
• D) payment for labour
• E) unit of account

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Definitions:

Self-fulfilling Prophecy

A belief or expectation that causes itself to become true, merely because the belief influences behavior towards making it happen.

Employees

Individuals who are hired by a business or organization to perform specific duties in exchange for compensation.

Attribution Theory

A theory that explains how individuals infer the causes of their own and others' behaviors and events.

Selective Attention

The focusing of conscious awareness on a particular stimulus while ignoring others, essential in processing information efficiently.