To Be Accepted as Money, an Item Must Perform All

question 309

Multiple Choice

To be accepted as money, an item must perform all of the following functions EXCEPT

• A) serve as a store of value.
• B) be easily reproduced.
• C) be a medium of exchange.
• D) serve as a standard of deferred payment.

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Definitions:

Volume

The amount of space that a substance or object occupies, or that is enclosed within a container.

°C

a unit of temperature on the Celsius scale, a measure relative to 0°C for the freezing point and 100°C for the boiling point of water at sea level.

Atm

An abbreviation for atmosphere, a unit of pressure equal to the pressure exerted by the Earth's atmosphere at sea level.

Volume

The amount of space an object or substance occupies, measured in liters, cubic meters, or other units of capacity.