What Are the Typical Functions of Money

question 58

Multiple Choice

What are the typical functions of money?

• A) a unit of account, a store of value, a medium of exchange
• B) a substitute for debt, symbol of purchasing power
• C) instrument for payment of goods and services
• D) None of the above

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Definitions:

Parallel Processing

The ability of the brain to simultaneously process incoming stimuli of differing quality, a key component in understanding and responding to complex environments.

Connectionism

Connectionism is an approach in the fields of cognitive science, that models mental or behavioral phenomena as the emergent processes of interconnected networks of simple units.

Mnemonics

Memory aids or techniques that employ vivid imagery and organizational strategies to enhance the recall of information.

Conditioning

A process of behavior modification by which a subject comes to associate a desired behavior with a previously unrelated stimulus.