Money Serves as a Basic Yardstick for Measuring Economic Value

question 57

Multiple Choice

Money serves as a basic yardstick for measuring economic value (a unit of account) , allowing:

• A)people to hold their wealth in a liquid form.
• B)governments to restrict the issuance of private monies.
• C)easy comparison of the relative prices of goods and services.
• D)goods and services to be exchanged with a double coincidence of wants.

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Definitions:

Animal Research

The use of animals in scientific studies to gain insights into biological processes and human diseases.

Area Postrema

The area postrema is a region in the brain that controls vomiting and is located in the medulla oblongata, forming part of the circumventricular organs.

Pituitary Gland

Endocrine gland attached to the bottom of the hypothalamus; its secretions control the activities of many other endocrine glands; associated with biological rhythms.

Digestive System

The group of organs responsible for breaking down food, absorbing nutrients, and eliminating waste products from the body.