When Money Is Used as a Means to Hold Wealth,it

question 80

Multiple Choice

When money is used as a means to hold wealth,it serves as a

• A) financial intermediary.
• B) double coincidence of wants.
• C) store of value.
• D) medium of exchange.
• E) unit of account.

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Definitions:

Social Security Tax

Social Security Tax is a tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Medicare Tax

A federal tax deducted from an individual’s earnings to fund the Medicare program, typically as part of payroll taxes.

Time And A Half

The rate of pay that is 1.5 times the employee's regular hourly rate, often paid for overtime work.

Current Portion

The current portion usually refers to the segment of long-term debt or loan that is due to be paid within the next fiscal year.