Aside from Being a Means of Payment, the Other Functions

question 206

Multiple Choice

Aside from being a means of payment, the other functions of money are

• A) medium of exchange and the ability to buy goods and services.
• B) medium of exchange, unit of account, and means of lending.
• C) pricing, contracts, and store of value.
• D) medium of exchange, unit of account, and store of value.

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Definitions:

Skills

The ability to do something well, often acquired through training or experience.

Confidence

A feeling or belief in one's abilities, qualities, and judgment.

Collaborative Partnerships

Cooperative relationships between individuals or organizations aimed at achieving shared goals through working together.

Component

A part or element of a larger whole, especially part of a machine or system.