Money Performs All of the Following Functions EXCEPT Serving as a I

question 46

Multiple Choice

Money performs all of the following functions EXCEPT serving as a i. medium of exchange.
Ii. unit of account.
Iii. barter mechanism.

• A)i only
• B)ii only
• C)iii only
• D)i and ii
• E)ii and iii

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Definitions:

Relaxed Trade Rules

Eased regulatory provisions governing international trade, intended to simplify the process of buying and selling goods across borders.

Euro

The official currency used by the majority of the member countries of the European Union.

EU Countries

Nations that are members of the European Union, a political and economic union of 27 European countries.

Unification

The process of making or becoming united or whole, often referring to the consolidation of territories, organizations, or rules into a single entity.