The Medium of Exchange Function of Money Allows an Economy

question 257

Multiple Choice

The medium of exchange function of money allows an economy to avoid the problem of

• A) lack of a double coincidence of wants.
• B) unemployment.
• C) loss of purchasing power during a period of high inflation.
• D) rising interest rates.

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Definitions:

Sixties

Referring to the decade from 1960 to 1969, noted for significant cultural, political, and social change worldwide.

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A condition associated with aging where the eye loses its ability to focus on close objects, commonly occurring after age 40.

Presbycusis

Age-related hearing loss, gradually occurring in individuals as they grow older, affecting the ability to hear higher frequencies.

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