The Function of Money That Enables Individuals to Exchange Goods

question 24

Multiple Choice

The function of money that enables individuals to exchange goods and services in a common unit of account is called:

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

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Definitions:

Contaminant

A substance that makes something impure or unsuitable by the introduction of unwholesome or harmful elements.

Sea Mammals

Marine animals that are part of the mammalian class, including species such as whales, dolphins, and seals, which are adapted to life in the ocean.

PCBs (Polychlorinated Biphenyls)

A group of man-made organic chemicals consisting of carbon, hydrogen, and chlorine atoms, used in various industrial applications, now banned in many countries due to their environmental persistence and health hazards.

Indigenous Population

Ethnic groups who are the original inhabitants of a region, prior to colonization or the establishment of national boundaries.