Use of Money to Save Up for a Future Cash

question 49

Multiple Choice

Use of money to save up for a future cash purchase would be an example of money's role as a

• A)medium of exchange.
• B)store of value.
• C)unit of account.
• D)store of wealth.
• E)standard of deferred payment.

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Definitions:

Career Management

The ongoing process of setting personal career objectives and planning strategies to achieve them.

Performance Management

A strategic approach to ensuring the efficiency and effectiveness of an organization's workforce through setting goals, evaluating progress, and improving productivity.

Disparate Impact

Employment practices that adversely affect one group of people of a protected characteristic more than another, even though the intentions of the employer may not be discriminatory.

Selection Technique

Methods or processes utilized by organizations to evaluate and choose the most suitable candidates for a job.