Most Financial Assets Other Than Money Function as

question 317

Multiple Choice

Most financial assets other than money function as

• A)a medium of exchange, a unit of account, and a store of value.
• B)a medium of exchange and a store of value, but not a unit of account.
• C)a store of value and a unit of account, but not a mediuim of exchange.
• D)a store of value, but not a unit of account nor a medium of exchange

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Definitions:

Injunctions

Court orders requiring an individual, group, or organization to do or refrain from doing a particular act.

Externalities

Externalities are indirect effects of economic activities on third parties, which can be either positive or negative.

Negative Externality

A situation where a third party is adversely affected by the outcome of a transaction or activity between others, not compensated by those causing the impact.

Acid Rain

Acid rain is precipitation with a high concentration of acidic components, typically resulting from industrial emissions that affect water, soil, and living conditions adversely.