Money Is Defined as Any Good That _________________ and ___________________

question 116

Multiple Choice

Money is defined as any good that _________________ and ___________________.

• A) can be used for the repayment of debt; can be used as a store of value
• B) is widely accepted for purposes of exchange; the repayment of debt
• C) can serve as collateral when applying for a loan; can be used to start a business
• D) is widely accepted for purposes of exchange; can be used when making credit decisions

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Definitions:

Descent System

A way of tracing kinship and inheritance through either the maternal or paternal line.

Mode of Subsistence

Refers to the means by which a society obtains its basic needs for survival, such as through hunting, gathering, agriculture, or industry.

Age Grades

Social categories based on age, used in various societies to assign roles, responsibilities, and privileges.

Double Unilineal Descent

A system of lineage where individuals belong to both their father's and their mother's descent groups, incorporating elements of both patrilineal and matrilineal descent.