Many International Trade Contracts Are Denominated in United States Dollars,regardless

question 109

Multiple Choice

Many international trade contracts are denominated in United States dollars,regardless of the currencies of the countries that are trading with each other.This is an example of money serving as a

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

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Definitions:

Civil War

A military conflict within a country, fought between factions or regions seeking control or advocating for specific political or social changes.

Lincoln

Abraham Lincoln, the 16th President of the United States, led the country during the American Civil War and is known for abolishing slavery through the Emancipation Proclamation.

Civil War

A conflict between opposing groups within the same country or state, often characterized by intense violence and lasting socioeconomic and political upheaval.

Values

The beliefs and principles that guide an individual's or society's behaviors, decisions, and understanding of what is important in life.