When People Use Money by Trading It for Goods and Services

question 49

Multiple Choice

When people use money by trading it for goods and services, money is serving the role of a

• A)medium of exchange.
• B)unit of account.
• C)store of value.
• D)standard of deferred payment.

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Definitions:

Triangular Theory

A theory in psychology, often applied to love, which posits that there are three components: intimacy, passion, and commitment.

Support

Assistance or encouragement provided to someone, typically in a time of need.

Secure Attachment

A form of attachment where individuals feel confident and reassured in their relationships with their caregivers, leading to healthy emotional and social development.

Responsive Approach

A method or strategy that adapts based on feedback or changes in the situation.