The Transaction Demand for Money Comes Mostly from the Fact

question 29

Multiple Choice

The transaction demand for money comes mostly from the fact that

• A) money is a store of value.
• B) money is a medium of exchange.
• C) money is a unit of account.
• D) money has low opportunity cost.

---

Definitions:

MCAT

The Medical College Admission Test, a standardized examination for prospective medical students in the United States and Canada.

Medical School

Medical school is an educational institution that provides training and education to students aiming to become medical professionals, such as doctors or surgeons.

Scholastic Aptitude Tests

Tests used by schools and universities in making decisions about admission, course placement, and scholarship offers for students.

Secondary Level

Refers to the second stage of education, typically encompassing middle school and high school, following primary education.