The Primary Functions of Money Are

question 8

Multiple Choice

The primary functions of money are:

• A) velocity, liquidity, and transactions.
• B) speculative demand, measure of value, and precautionary demand.
• C) a medium of exchange, a unit of account, and a store of value.
• D) a store of value, heterogeneity, and a medium of exchange.

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Definitions:

Critical Incident Technique

A method used in organizational development and research to gather significant actions or events that have impacted a project or outcome, for the purpose of learning and improvement.

Delphi Technique

The Delphi Technique is a structured communication method used for systematic interactive forecasting by experts of the likelihood and outcome of future events.

Production Levels

Production levels refer to the quantity of goods or services produced within a certain period by a business, sector, or economy.

Customers

Individuals or entities that purchase goods or services from a business, forming the basis of the business's income.