Which Statement Is True

question 111

Multiple Choice

Which statement is true?

• A)Money may perform as a standard of value or as a store of value,but not both at the same time.
• B)The main job of money is a medium of exchange.
• C)Money may perform as a standard of value or as a standard of deferred payment,but not both at the same time.
• D)Money performs extremely well as a standard of deferred payment in the long run.

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Definitions:

Egocentrism

A cognitive bias where individuals overemphasize their own perspective and importance in relation to others.

Abusive Parents

Caregivers who engage in actions or inactions that harm or risk harming their children, physically, emotionally, or psychologically.

Permissive Environment

An environment or setting that allows or encourages freedom of behavior without imposing strict rules or limitations.

Authoritative Parents

Parenting style characterized by high responsiveness and high demand; parents are supportive yet set clear and firm limits.