The Three Functions of Money Are

question 53

Multiple Choice

The three functions of money are:

• A)spending for consumption, investment, and government purchases.
• B)measuring balance of payments, exchange rates, and interest rates.
• C)implementing monetary policy, fiscal policy, and structural policy.
• D)serving as a medium of exchange, unit of account, and store of value.

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Definitions:

Fixed-interval Schedule

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

40-hour Work Week

The standard full-time working hours agreement, typically spread across five days of the week.

Paid

Receiving money or other forms of compensation in exchange for goods provided or services rendered.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the effects of consequences on behavior modification.