The Confidence You Have That a Retailer Will Accept Dollars

question 38

Multiple Choice

The confidence you have that a retailer will accept dollars in exchange for goods is based primarily on money

• A)being a unit of account.
• B)being a medium of exchange.
• C)serving as a store of value.
• D)having intrinsic value.

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Definitions:

Remedies

Legal means for a party to enforce a right or redress a wrong.

Breach

The violation or non-fulfillment of a legal obligation, contract, or duty, which may result in legal action for remedy.

Replacement

The act of substituting a person or thing with another person or thing that serves the same purpose or function.

Restitution

The act of compensating for loss, damage, or injury; in legal contexts, it often refers to returning the victim to their original position before the harm occurred.