Which of the Following Represents a Function of Money

question 194

Multiple Choice

Which of the following represents a function of money?

• A) medium of exchange
• B) unit of accounting
• C) standard of deferred payment
• D) all of the above

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Definitions:

Variable-Interval Schedule

A Variable-Interval Schedule is a type of reinforcement schedule where responses are reinforced after varying intervals of time, making the reinforcement unpredictable.

Primary Reinforcement

A reinforcer that satisfies a basic biological need, such as food, water, or sleep, and is inherently rewarding.

Secondary Reinforcement

A reinforcing stimulus that acquires its reinforcing power through association with a primary reinforcer.

Tertiary Reinforcement

A type of reinforcement that uses abstract rewards, such as praise or tokens, that can be exchanged for other rewards.