The Functions of Money Are to Serve as a

question 177

Multiple Choice

The functions of money are to serve as a

• A) resource allocator, method for accounting, and means of income distribution.
• B) unit of account, store of value, and medium of exchange.
• C) determinant of consumption, investment, and government spending.
• D) factor of production, exchange, and aggregate supply.

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Definitions:

Earned

A term referring to income or profits that have been generated as a result of business activities or investments.

Rate of Return

The profit or deficit incurred on an investment during a specific timeframe, represented as a proportion of the initial investment value.

Account

An account typically refers to a record or statement of financial transactions pertaining to a specific financial instrument, individual, or institution.