You Saved $500 in Currency in Your Piggy Bank to Purchase

question 71

Multiple Choice

You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money's function as a _______. The laptop's price is posted as $500. The $500 price illustrates money's function as a _____. You use the $500 to purchase the laptop. This transaction illustrates money's function as a ______.

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

Recognize the impact of workplace diversity on business operations.

Compare the adaptability and market response times of small and large businesses.

Grasp the role of small businesses in various industries.

Understand the role and increase of entrepreneurship and entrepreneurial education.

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Definitions:

Transformation

In a scientific context, transformation refers to the process of change or conversion from one state, form, or property to another, often used in genetics, chemistry, and physics.

HBr

Hydrogen bromide, a diatomic molecule consisting of hydrogen and bromine, widely used in organic synthesis to add bromine across double bonds or to open epoxides.

NaCN

Sodium cyanide, a highly toxic compound used in industrial processes such as mining and chemical synthesis.

1-methylcyclohexanol

A secondary alcohol derived from cyclohexane, featuring a methyl group on its ring, used in organic synthesis.