Money Serves as a Medium of Exchange

question 56

Multiple Choice

Money serves as a medium of exchange.This means that you can

• A) use money to buy goods and services, and accept it as payment for the goods and services you sell.
• B) hold on to money to use at a later time.
• C) compare values across several items by looking at the prices in terms of money.
• D) increase the economic growth rate in the long run by printing more money.

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Definitions:

African-American Freedom

The state or condition of being free from slavery, oppression, or discrimination for people of African descent in America.

International Communism

A political and economic ideology advocating for a classless society, with common ownership of the means of production, and with international scope or application.

Muslim World

encompasses the countries and populations where Islam is the predominant religion, shaping the cultural, political, and social norms.

Elijah Muhammad

Leader of the Nation of Islam from 1934 to 1975, he played a significant role in advocating for the rights and empowerment of African Americans.