In Which of the Following Examples Is Money Functioning as a Medium

question 42

Multiple Choice

In which of the following examples is money functioning as a medium of exchange?

• A) Robin compares the price of apples and oranges.
• B) Kathy saves her money to purchase a personal computer.
• C) Scott puts money into a personal retirement account.
• D) Bill purchases a new pair of Nike shoes.

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Definitions:

Daily Foodstuffs

Basic food items consumed on a regular basis, often considered essentials for daily nutrition and sustenance.

Cotton Kingdom

The term used to describe the Southern United States in the 19th century, where the economy was heavily dependent on cotton cultivation and slavery.

Slave Labor

The forced labor of individuals who are owned by others, without the freedom to refuse work and without rightful compensation.

Deep South

A term used to describe the most south-eastern states of the United States, known for their historical reliance on agriculture, particularly cotton, and where slavery and racial segregation were deeply rooted.