The Functions of Money Are

question 5

Multiple Choice

The functions of money are

• A)medium of exchange,unit of account,and store of value.
• B)medium of exchange,the ability to buy goods and services,and the ability to pay off debts.
• C)medium of exchange,the ability to buy goods and services,and checking accounts.
• D)credit cards,checking accounts,currency,and coins.
• E)store of value,use as a barter mechanism,and unit of account.

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Definitions:

Social Acceptance

The state or condition of being approved and accepted within a social group or society.

Agents

Individuals or entities authorized to act on behalf of others in transactions or negotiations, representing their clients' interests.

External Audiences

Groups or individuals outside of the immediate interaction or negotiation process, who may have an interest in its outcome.

Negotiation Process

A series of discussions and compromises between parties with conflicting interests aiming to reach an agreement.