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Describe the Functions of Money and Provide an Example of How

question 38

Essay

Describe the functions of money and provide an example of how each can be applied to money as we use it,as well as a non-money item such as a bank card or debit card (that makes it not money).


Definitions:

Capability

Refers to the ability, skill, or proficiency to carry out a specific task or perform a certain role effectively.

Motivation

The extent to which persistent effort is directed toward a goal.

Support

Assistance or backing provided by an individual or group to help others in need or to achieve a goal.

Unfreeze

The initial stage of the change process where the goal is to overcome inertia and dismantle existing mindsets.

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