Which of the Following Is a Primary Function of Money

question 40

Multiple Choice

Which of the following is a primary function of money?

• A)To serve as an encouragement to work
• B)To raise funds for the government
• C)To reduce the burden of excessive imports
• D)To serve as a unit of account

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Definitions:

Utility Functions

Formulations representing a consumer's preference, measuring the relative satisfaction from consuming different bundles of goods.

Fair Allocations

The distribution of resources or goods among individuals or groups in a manner considered equitable, taking into account various fairness criteria.

Apples

Apples are a type of fruit that grow on the apple tree, known scientifically as Malus domestica, and are widely cultivated for their sweet taste and nutritional benefits.

Oranges

A citrus fruit known for its round shape, orange skin, and juicy flesh, often consumed fresh or as juice.