As a Medium of Exchange, Money Makes Exchanges Easier by Reducing

question 40

Multiple Choice

As a medium of exchange, money makes exchanges easier by reducing

• A)inflation.
• B)transactions costs.
• C)production costs of goods.
• D)legal costs in negotiating loan contracts.

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Definitions:

Analogies

Comparisons between two things, typically for the purpose of explanation or clarification.

Multicultural Worker

One who can work effectively with people of different cultures.

Ethnic Cuisine

Ethnic Cuisine pertains to the foods and culinary practices associated with a particular cultural or national heritage.

Organizational Diversity

The inclusion and representation of different demographic backgrounds, cultures, perspectives, and ideas within a workplace.