Which of the Following Statements Is True

question 20

Multiple Choice

Which of the following statements is true?

• A) One of the limitations of using money is that it does not allow for the transfer of purchasing power into the future.
• B) The necessary condition required for money to function as a medium of exchange is that it also needs to be a store of value.
• C) The hours of labor that go into producing a product are a better unit of account than paper money.
• D) When money is used as a yardstick to describe the price of various goods and services, it serves as a store of value.

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Definitions:

Motion Parallax

A depth cue in which objects closer to the observer move faster across the visual field than objects farther away, giving a sense of depth and distance.

Figure Ambiguity

The quality of an image or representation that leads to multiple interpretations due to its unclear form.

Interposition

A visual cue in depth perception where one object partly covers another, indicating that the former is closer to the viewer than the latter.

Relative Size

An aspect of visual perception that allows one to judge the size of an object in relation to other objects within the same field of view.