If Every Person Is Willing to Accept Money Rather Than

question 65

Multiple Choice

If every person is willing to accept money rather than goods and services for payment, money serves as a:

• A) medium of exchange.
• B) unit of account.
• C) store of value.
• D) coincident exchange.

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Definitions:

Cell Theory

One of the major theories of biology, which states that all organisms are made up of cells; cells are capable of self-reproduction and come only from preexisting cells.

Plasma Membrane

The lipid bilayer that encloses the cytoplasm of a cell, controlling the passage of substances in and out of the cell.

Gelatinous Sheath

A thick, viscous covering produced by some bacteria and algae, surrounding their cell or colony, providing protection and sometimes aiding in movement.

Capsule

A protective outer covering of some organisms or the shell of a medication designed for swallowing.