the Three Functions of Money Are

question 103

Multiple Choice

The three functions of money are:

• A) medium of exchange, store of value, and measure of liquidity
• B) conduit for international trade, store of value, and standard of value
• C) medium of exchange, store of value, and standard of value
• D) inflation hedge, measure of liquidity, and medium of exchange

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Definitions:

Cognitive Components

Elements that make up the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, problem-solving, and decision-making.

Emotional

Pertaining to feelings or affective states that can influence thoughts, behaviors, and physiological responses.

Emotional Regulation

The ability to manage and respond to an emotional experience with a range of emotions in a socially acceptable manner.

Indiscriminate Attachment

A phase in early human development where infants show no preference for specific caregivers and seek comfort and attention from anyone.