Money Lets You Measure the Relative Values of Goods and Services

question 28

Multiple Choice

Money lets you measure the relative values of goods and services. In so doing, money is performing which of the following functions?

• A) Store of value
• B) Medium of exchange
• C) Determination factor
• D) Monetary flagging
• E) Unit of account

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Definitions:

Paul Wellstone

Was an American academic, author, and politician who served as a United States Senator from Minnesota from 1991 until his death in 2002 and was known for his advocacy on mental health and addiction issues.

Mental Health Parity

The principle that insurance benefits for mental health conditions should be equal to benefits for physical health conditions.

Addiction Equity Act

A law aiming to ensure that insurance coverage for mental health and substance use disorder is no less favorable than coverage for physical health conditions.

Insurance Reimbursement Limitations

Restrictions or caps placed by insurance companies on the amount they will pay for certain medical services or treatments.