Our Money Has Value Because

question 3

Multiple Choice

Our money has value because

• A) it is backed by gold.
• B) its supply is unlimited.
• C) it is guaranteed by banks.
• D) people accept it in payment for goods and services.
• E) it is the result of public and private debt.

---

Definitions:

Habituation

The gradual decline in the intensity, frequency, or duration of a response when repeatedly exposed to a stimulus; indicates learning.

Sensory Memory

The shortest-term element of memory, which is the ability to retain impressions of sensory information after the original stimuli have ended.

Long-Term Memory

The aspect of memory where information is stored for a lengthy period, ranging from several minutes to a lifetime.

Short-Term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period.