Of Money's Three Functions,the One That Distinguishes Money from Other

question 32

Multiple Choice

Of money's three functions,the one that distinguishes money from other assets is its function as a

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

---

Definitions:

Taxes

Mandatory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Utilities

Services such as water, electricity, gas, and sewerage provided by public or private companies.

Y-Coord.

A term used to represent the vertical coordinate in a two-dimensional space, often used in mathematics and mapping to indicate vertical position.

Yearly Demand

Yearly demand is the total quantity of a product or service that consumers are willing and able to purchase over the period of one year, influenced by factors such as price, consumer preferences, and market conditions.