Money

question 95

Multiple Choice

Money .

• A)is any commodity that is generally acceptable as a means of payment
• B)requires a double coincidence of wants
• C)loses its value as it becomes older
• D)is always composed of coins and paper

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Definitions:

Folkways

Norms or customary behaviors that are socially approved but not morally significant, dictating appropriate manners and actions in daily routines and interactions.

Severe Punishment

Harsh or extreme disciplinary actions taken in response to an individual's wrongdoing, often intended as a deterrent against future offenses.

Norms

The unwritten rules or standards of behavior considered acceptable within a society or social group.

Consumerism

The social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.