When Money Is the Basic Measure of Economic Value, It

question 29

Multiple Choice

When money is the basic measure of economic value, it serves as a:

• A)double coincidence of wants.
• B)store of value.
• C)medium of exchange.
• D)unit of account.

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Definitions:

Genetic

Pertaining to genes and heredity, influencing the development and functioning of organisms and their transmission of traits to offspring.

Learned

Acquired knowledge or skills through experience, study, or being taught, which can influence behavior and cognition.

Incentive Salience

The attribute of a stimulus that makes it stand out as particularly attractive or desirable, often influencing motivation and behavior.

Associative Learning

A learning process by which a subject comes to associate stimuli or behaviors with certain outcomes.