Examlex
A ______ is a society that has transitioned from manufacture of goods to service work.
Store Of Value
An asset that can be saved, retrieved, and exchanged at a later time, and is predictably useful in the future to purchase goods and services.
Medium Of Exchange
A system or object that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a barter system.
Unit Of Account
A standard numerical monetary unit of measurement that provides a uniform measure of the value of goods and services.
Bank Failures
Occurs when a bank is unable to meet its obligations to depositors or creditors and is taken over by a regulatory agency.
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