Which of the Following Defines the "Medium of Exchange" Function

question 26

Multiple Choice

Which of the following defines the "medium of exchange" function of money?

• A) To provide a common measurement of the relative value of different goods and services.
• B) The ability of money to hold value over time.
• C) The materials used manufacture money are of medium grade so that people will not hoard money for its commodity value.
• D) Money that is widely accepted in exchange for goods and services.

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Definitions:

Wealthy

Having an abundance of financial resources or valuable possessions, which affords a person or entity a high standard of living.

Personal History

The record or account of significant events and experiences in an individual's life.

Culture

A complex system of beliefs, values, customs, behaviors, and artifacts that members of society use to cope with their world and with one another, transmitted from generation to generation through learning.

Depression

Depression is a common and serious mood disorder that negatively affects how you feel, think, and handle daily activities.