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According to Katherine Rowan,a Transformative Explanation Shows How an Implicit

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According to Katherine Rowan,a transformative explanation shows how an implicit theory is limited and concludes by presenting the accepted explanation and describing why that explanation is better.


Definitions:

Liquid Asset

Assets that can be quickly and easily converted into cash without significant loss in value.

Store Of Value

An asset that can be saved, retrieved, and exchanged at a later time, and is predictably useful in the future to purchase goods and services.

Medium Of Exchange

A system or object that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a barter system.

Unit Of Account

A standard numerical monetary unit of measurement that provides a uniform measure of the value of goods and services.

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