Which Function of Money Allows for Specialization to Take Place

question 85

Multiple Choice

Which function of money allows for specialization to take place?

• A) medium of exchange
• B) unit of account
• C) store of value
• D) standard of deferred payment

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Definitions:

Defines

Defines refers to specifying or explaining the meaning of words, phrases, or concepts.

Prescribes

To recommend or stipulate a specific procedure, remedy, or course of action.

Subordinates

Employees or team members who are lower in rank or position and report to someone higher in the organizational hierarchy.

Behavioral Model

A theoretical framework used for describing and predicting how an individual's behavior is learned and expressed within a psychological context.