Financial Instruments Are Used

question 9

Multiple Choice

Financial instruments are used

• A)as a unit of account, as a store of value, and as a means of payment.
• B)as a unit of account, as a means of payment, and to transfer risk.
• C)as a store of value, as a means of payment, and to transfer risk.
• D)as a unit of account, as a store of value, and to transfer risk.

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Definitions:

Collective Disaster

A catastrophic event that affects a large group of people, often leading to widespread damage or suffering.

Nuclear Proliferation

The spread of nuclear weapons and nuclear technology to nations not recognized as Nuclear Weapon States by the Treaty on the Non-Proliferation of Nuclear Weapons (NPT).

Tragedy Commons

A situation in which individual users, acting independently according to their own self-interest, deplete or spoil shared resources, despite knowing that it is contrary to the group's long-term interests.

Global Grassroots

Initiatives or movements that start at the local or community level and spread across borders, focusing on global issues through bottom-up approaches.