the Three Functions of Money Are

question 103

Multiple Choice

The three functions of money are:

• A) medium of exchange, store of value, and measure of liquidity
• B) conduit for international trade, store of value, and standard of value
• C) medium of exchange, store of value, and standard of value
• D) inflation hedge, measure of liquidity, and medium of exchange

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Definitions:

Innately Better

The controversial belief that some individuals or groups possess inherent superior qualities or abilities compared to others.

African Origins

Refers to the beginning or origin of humans and cultures on the African continent.

Alternative Options

Other choices or courses of action available to someone in a given situation, aside from the main or initially considered path.

Mobility

The ability to move or be moved freely and easily, often discussed in terms of social mobility (changes in social status) and geographic or physical mobility.