Money Frees Society from a System of Barter

question 131

Multiple Choice

Money frees society from a system of barter.In doing so,money is performing which of the following functions?

• A) store of value
• B) unit of account
• C) determination factor
• D) medium of exchange

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Definitions:

Loan

Money borrowed that is expected to be paid back with interest, typically used for larger purchases or to bridge temporary financial gaps.

Cash-flow Method

A financial analysis approach that evaluates an investment's profit or loss by considering the timing and amount of cash inflows and outflows.

Business Valuation

A process and a set of procedures used to estimate the economic value of an owner’s interest in a business.

Profit Potential

The capacity or likelihood for a business venture to generate earnings over costs.