Which of the Three Functions of Money Are Commonly Met

question 115

Essay

Which of the three functions of money are commonly met by each of the following assets in the U.S. economy?
a.paper dollar
b.precious metals
c.collectibles such as baseball cards, stamps, and antiques

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Definitions:

Oxidation

A chemical reaction involving the loss of electrons or an increase in oxidation state by a molecule, atom, or ion.

Lactose Intolerant

A condition where the body cannot easily digest lactose, a type of sugar found in milk and dairy products.

Lactase

An enzyme found in the small intestine necessary for the digestion of lactose, the sugar found in milk.

Digestive System

Organ system that consists of digestive organs (stomach, intestines, etc.) and accessory organs (liver, etc.); ingests and digests food; absorbs nutrients and eliminates wastes.