Whatever Functions as Money Must Be

question 64

Multiple Choice

Whatever functions as money must be

• A)authorized by the government
• B)accepted for deposit by banks
• C)backed by precious metals like gold or silver
• D)completely indestructible
• E)limited in supply

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Definitions:

Private Change

A modification in a person's thoughts, feelings, or behaviors that occurs internally and is not immediately observable to others.

Social Influence

Process whereby attitudes and behaviour are influenced by the real or implied presence of other people.

Leadership

Getting group members to achieve the group’s goals.

Power

Capacity to influence others while resisting their attempts to influence.