The Three Functions of Money Are Medium of Exchange, Store

question 8

True/False

The three functions of money are medium of exchange, store of value, and measure of wealth.

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Definitions:

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved, in various contexts including business, therapy, and medicine.

Threats

Expressions or actions that aim to cause harm or force compliance, often used as a means of control or coercion.

Promises

Commitments or assurances given by one party to another about the occurrence or non-occurrence of certain future events.