You Pay for Cheese and Bread from the Deli with Currency.Which

question 54

Multiple Choice

You pay for cheese and bread from the deli with currency.Which function of money does this best illustrate?

• A)medium of exchange
• B)unit of account
• C)store of value
• D)liquidity

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Definitions:

Right Of Action

A legal right to commence a lawsuit.

Sold

A term indicating that an item, asset, or property has been transferred from one party to another in exchange for money or other compensation.

Defaults

Situations where a party fails to fulfill their obligations as specified in a contract or agreement.

Construction Lien

A claim made against a property by a contractor or subcontractor who has not been paid for work performed or materials supplied.