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Which of the Three Functions of Money Are Commonly Met

question 115

Essay

Which of the three functions of money are commonly met by each of the following assets in the U.S. economy?
a.paper dollar
b.precious metals
c.collectibles such as baseball cards, stamps, and antiques


Definitions:

Volume

The space occupied by an object or substance, or encased within a holding device.

Mass

Mass is a measure of the amount of matter in an object, usually in kilograms or grams.

Liquids

A state of matter characterized by an indefinite shape that conforms to the shape of its container, but with a definite volume.

Solids

Materials with a fixed shape and volume, characterized by strong intermolecular forces.

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