If Jack Sparrow Buries a Chest of Gold on a Deserted

question 169

Multiple Choice

If Jack Sparrow buries a chest of gold on a deserted island and plans to come back for it later, then the gold is functioning as a

• A) unit of account.
• B) store of value.
• C) medium of exchange.
• D) barter tool.

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Definitions:

Squeaky Stair

A common household issue where one or more steps produce a squeaking noise when pressure is applied, typically due to loose components or friction.

Law of Small Numbers

A cognitive bias leading to the erroneous belief that small samples accurately represent an entire population.

Gambler's Fallacy

The mistaken belief that if something happens more frequently than normal during a given period, it will happen less frequently in the future, or vice versa.

Celebrations

Events observed to honor and commemorate a significant occasion or achievement with festivities.