A Main Function of Money Is to Avoid the Problem

question 146

Multiple Choice

A main function of money is to avoid the problem of double coincidence of wants.This is the

• A)medium of exchange function.
• B)unit of account function.
• C)standard of deferred payment function.
• D)store of value function.
• E)standard of credit function.

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Definitions:

Authorization Bills

Legislation that grants permission, typically from a legislative body, for government spending in specific areas or for specific projects.

Budget Resolution

A congressional decision that sets a framework for federal budgeting and spending, outlining targets for revenues, expenditures, and other fiscal measures.

Congressional Earmark

Provisions within legislation that direct approved funds to be spent on specific projects or for certain purposes, often critiqued for being non-competitive.

Specific Project

A particular and clearly defined piece of work or plan, often with set objectives, timeline, and resources allocated to its completion.