One Major Advantage of Money Serving as a Medium of Exchange

question 150

Multiple Choice

One major advantage of money serving as a medium of exchange is that it allows society to

• A) transfer purchasing power from the present to the future.
• B) measure the relative worth of products.
• C) escape the complications of barter.
• D) use credit cards instead of currency.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.