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:

Foreign Governments

Refers to the governing bodies and political entities that operate in countries other than one's own, each with its own policies, regulations, and impacts on global relations.

Indirect Exporting

Selling products to foreign markets through intermediaries, such as agents or trading companies, rather than directly to customers overseas.

Domestically Produced Products

Goods that are manufactured or grown within a country's borders, rather than imported from abroad.

Intermediary

An entity or person who acts as a mediator or link between two parties in a financial transaction or process.