A Medium of Exchange Must Be

question 36

Multiple Choice

A medium of exchange must be:

• A)approved by the government.
• B)universally acceptable in exchange for goods and services.
• C)easy to reproduce.
• D)used to eliminate the specialization and division of labor.
• E)used when a system of barter exists.

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Definitions:

Pituitary

A small, pea-sized gland located at the base of the brain that produces hormones influencing various bodily functions, including growth and reproduction.

Adrenals

Glands located above the kidneys that produce hormones such as adrenaline and cortisol, which regulate stress response and other vital functions.

Hypothalamus

A region of the brain responsible for producing hormones that regulate body temperature, hunger, moods, and the release of hormones from other glands.