Which List Correctly Names Money's Functions

question 262

Multiple Choice

Which list correctly names money's functions?

• A) a unit of account, a store of value, a medium of exchange
• B) barter, a double coincidence of wants, a unit of account
• C) transaction costs, a medium of exchange, a unit of account
• D) liquidity, barter, a medium of exchange

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Definitions:

Joint Venture

A joint venture is a strategic alliance where two or more parties, usually businesses, form a partnership to share markets, intellectual property, assets, knowledge, and profits.

Contractual Arrangement

An agreement between two or more parties that creates enforceable obligations and rights for each party, often documented legally.

Foreign Firm

A company that is based, incorporated, or originates in a country different from the market it operates in or sells its products to.

Domestic Firm

A company that operates and conducts its business activities within its home country.