The Fact That People Are Willing to Save Money for Future

question 125

Multiple Choice

The fact that people are willing to save money for future purposes describes which function of money _____.

• A)bartering
• B)medium of exchange
• C)measure of value
• D)store of value

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Definitions:

Aversion Therapy

A form of psychological treatment where an undesirable behavior is paired with an unpleasant stimulus to reduce the behavior's occurrence.

Negative Reinforcement

A process in behavior analysis where the removal of an unpleasant stimulus strengthens a behavior, increasing the probability of its occurrence.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.

Self-efficacy

A belief in one's ability to succeed in specific situations or accomplish a task.