One of the Functions of Money Comes from the Use

question 60

Multiple Choice

One of the functions of money comes from the use of money to transfer purchasing power to the future.This is called:

• A)medium of exchange
• B)unit of account
• C)store of value
• D)measure of liquidity

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Definitions:

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Normal Distribution

A probability distribution that is symmetrically centered around its mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Acres

A unit of land area used primarily in the US, equal to 4,840 square yards or approximately 4,047 square meters.

Bushels

A unit of volume that is commonly used in agriculture to measure quantities of grain, fruit, or other produce.