Money Serves as a Store of Value When

question 69

Multiple Choice

Money serves as a store of value when:

• A)it is used to purchase goods and services.
• B)there is direct trade of goods and services.
• C)it is a basic measure of economic value.
• D)it is a means of holding wealth.

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Definitions:

Acquire Goods

The process of obtaining physical or digital products through purchase, lease, or barter to support an organization's operations or inventory.

External Sources

Outside entities, data, or information that contribute to an organization's decision-making, research, or strategic planning.

TPSs

Transaction Processing Systems, computerized systems that perform and record the daily routine transactions necessary to conduct the business; they serve at the operational level of an organization.

Walmart

An American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.