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

question 143

Short Answer

Money, in the form of currency, can be used for future purchases and thus illustrates the ________ function of money.
basis for banking system
store of value
medium of exchange
payment for labour
unit of account

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Definitions:

Court Of Appeals

A higher court that reviews the decisions of lower courts to ensure the law was applied correctly.

State Systems

The organizational framework of a state, including its political, legal, and administrative structures.

Elected

Selected by vote for a particular position or office, reflecting the decision of a given electorate.

Appointed

Assigned to a position or role, often officially or by authority.