When Money Is Accepted as Payment for a Good or Service

question 91

Multiple Choice

When money is accepted as payment for a good or service, it is being used as a

• A) medium of exchange.
• B) store of value.
• C) unit of account.
• D) mechanism for transforming current purchases into future purchases.

---

Definitions:

Accidentally

Accidentally refers to an event happening by chance or without deliberate intent.

Intentional Infliction

A tort in civil law where an individual acts with intent to cause emotional distress to another person through outrageous or extreme conduct.

Emotional Distress

Psychological suffering or trauma that can result from an experience caused by the negligence or intentional actions of others.

Intent

Intent refers to the purpose or determination with which an individual acts, which is often a key factor in determining the legal consequences of an action.