The Three Functions of Money Are

question 53

Multiple Choice

The three functions of money are:

• A)spending for consumption, investment, and government purchases.
• B)measuring balance of payments, exchange rates, and interest rates.
• C)implementing monetary policy, fiscal policy, and structural policy.
• D)serving as a medium of exchange, unit of account, and store of value.

Recognize the various roles individuals can play within a buying process and the significance of these roles in decision-making.

Identify and describe different types of B2B customers and their characteristics.

Understand and analyze different buying decisions based on attributes, affect, and attitudes.

Understand the impact of inflation on purchasing power.

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Definitions:

Security Service

A service offered by professionals to protect individuals, businesses, and properties from harm or theft.

Number Expressed

A specific value presented in numerical form.

Thousandths

A decimal place three places to the right of the decimal point, representing parts of a thousand.

Number Expressed

A way of representing a quantity or value in terms of digits or symbols.