The Function of Money in an Economy Is to Serve

question 9

Multiple Choice

The function of money in an economy is to serve as
1) a unit of account;
2) a store of value;
3) a medium of exchange.

• A)1 and 2
• B)2 and 3
• C)1 and 3
• D)1,2,and 3
• E)3 only

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Definitions:

Organize Ideas

The process of arranging thoughts and concepts in a coherent and structured manner.

Adapting

The process of changing or adjusting to fit new conditions or requirements.

Audience Analysis

The process of examining the characteristics of an audience, including demographics, attitudes, and expectations, to tailor communication effectively.

Right Words

Choosing the most accurate and appropriate words for effective communication.