When an Asset Is Traded for Goods and Services,it Serves

question 187

Multiple Choice

When an asset is traded for goods and services,it serves the function of a ________.

• A) store of value
• B) unit of account
• C) loanable fund
• D) medium of exchange

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Definitions:

Energy Resource

Any material or phenomenon that can be used directly or converted into other forms of energy to perform work.

Oil And Gas

Natural hydrocarbon resources found beneath the Earth's surface, often used as fuel and in various industrial processes.

Coal

A combustible black or brownish-black sedimentary rock, formed from ancient plant matter, used as a fossil fuel.

Oil Shale

A type of sedimentary rock that contains kerogen, a mix of organic compounds from which liquid hydrocarbons can be produced.