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.

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Definitions:

Trade Negotiations

The process whereby countries or organizations discuss, agree upon, and arrange the terms of trade in order to facilitate international business.

Trade Disputes

Disagreements or conflicts arising between employees and employers or between different labor unions, often regarding terms of employment or working conditions.

Economic Cycles

Periods of economic expansion and contraction measured by changes in GDP and other economic indicators.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.