The Fact That You Can Use Money to Buy Things

question 15

Multiple Choice

The fact that you can use money to buy things is a result of which characteristic?

• A)Its use as a medium of exchange.
• B)The fact that it is a store of value.
• C)The fact that it is a measure of value.
• D)The fact that it is backed by gold.

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Definitions:

Ucc Articles

UCC Articles refer to the sections of the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Unconscionability

A legal doctrine that describes terms that are so extremely unjust, or overwhelmingly one-sided in favor of the party who has the superior bargaining power, that they are contrary to good conscience.

Contract

A legally binding agreement between two or more parties, outlining obligations and rights concerning products, services, or other matters.

Material Alteration

A significant change to a document that affects the rights and obligations of the parties involved.