The Primary Functions of Money Are

question 21

Multiple Choice

The primary functions of money are:

• A) velocity, liquidity and transactions.
• B) speculative demand, measure of value and precautionary demand.
• C) a medium of exchange, a measure of value and a store of value.
• D) a store of value, heterogeneity and a medium of exchange.

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Definitions:

Wingspan

The measure of distance from one wingtip of an animal or aircraft to the other; in business, it can metaphorically refer to the reach or spread of a company's influence.

Altitudes

The height of an object or point in relation to sea level or ground level.

GEO

Short for Geostationary Earth Orbit, a circular orbit 35,786 kilometers above the Earth's equator where a satellite's orbital period matches the Earth's rotation, appearing stationary to an observer on Earth.

LEO

Stands for Low Earth Orbit, a satellite's orbit relatively close to Earth's surface, typically at altitudes less than 2,000 kilometers, used for telecommunications, military, and observation purposes.