What Function of Money Is Highlighted When I Put Cash

question 14

Multiple Choice

What function of money is highlighted when I put cash under my mattress to have on hand for unexpected emergencies?

• A) fiat money
• B) store of value
• C) medium of exchange
• D) unit of account
• E) commodity money

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Definitions:

Emerging Adulthood

A phase of life between adolescence and full-fledged adulthood, typically from late teens through twenties, characterized by exploration and self-discovery.

Self-focus

The act of concentrating attention on oneself, often analyzing one’s own thoughts, feelings, and behaviors.

Instability

A condition of being variable or prone to change, often used to describe emotional or mental unpredictability in individuals.

Preconventional Level

According to Kohlberg, evaluating importance of individual needs and personal conscience in regard to maintenance of the social order.