Which of the Following Is a Major Function of Money

question 12

Multiple Choice

Which of the following is a major function of money?

• A)It acts as a store of wealth.
• B)It acts as a unit of account.
• C)It acts as a medium of exchange.
• D)It acts as a store of wealth,a unit of account,and a medium of exchange.

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Definitions:

Logic of Statements

The study of principles and methods for distinguishing good reasoning from bad reasoning through the analysis of statements.

Moral Principles

Moral principles are fundamental beliefs or values that guide behavior by distinguishing right from wrong and setting standards for ethical conduct.

Behavioral Ideals

Principles or standards of behavior considered desirable or exemplary within a society or group.

Ethics

Refers to a set of behavioral ideals or moral principles that guide us in determining right and wrong. We can think of these ideals and principles as a set of core values and beliefs.