When You Bought Your Textbook for This Course, You Were

question 191

Multiple Choice

When you bought your textbook for this course, you were using money as a

• A) store of value.
• B) price mechanism.
• C) medium of exchange.
• D) unit of account.

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Definitions:

Eminent Domain

The power of a government to take private property for public use, with compensation to the owner.

Private Property

Ownership of property (land, buildings, or personal items) by individuals or corporations, recognized and protected by law.

Economic Growth, Regulatory Relief, and Consumer Protection Act

is a law intended to ease regulations on small and medium-sized banks and enhance consumer protections.

Truth in Lending Act

A U.S. federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost.