What Function of Money Is Highlighted If Someone Puts Cash

question 55

Multiple Choice

What function of money is highlighted if someone puts cash under his or her mattress to have on hand for unexpected emergencies?

• A) fiat money
• B) store of value
• C) medium of exchange
• D) unit of account
• E) commodity money

---

Definitions:

Origin Contract

A contract which determines the initial terms and conditions set forth for an agreement or transaction.

Voidable Title

indicates that a title transfer may be nullified if the buyer discovers the seller did not have ownership rights or authority to sell the item in question.

Good-Faith Purchase

Buying property without knowledge of any existing claims or rights of others, believing the transaction to be honest and legal.

Goods-In-Bailment Contract

A contract where personal property or goods are transferred temporarily into the custody of another for a specific purpose but ownership remains with the bailor.