Which Function of Money Is in Each of the Following

question 3

Essay

Which function of money is in each of the following cases demonstrating?
(1)You pay $10 for a movie ticket.
(2)You deposit your tax refund check in your saving account.
(3)A restaurant manager sets the prices of meals she serves in dollars.
(4)A restaurant manager keeps $5,000 worth of cash in a safety deposit box.
(5)McDonald's announces that a Big-Mac now costs only $1.00.
(6)Bill Gates net worth is around $50 billion.

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Definitions:

Intermediate Test

A standard used in legal and regulatory contexts to evaluate the constitutionality or appropriateness of a policy or action, requiring it to further an important government interest in a way that is substantially related to that interest.

Governmental Objective

The strategic goals or ends that a government aims to achieve through its policies, laws, and actions, reflecting public interest and societal needs.

Classification

The systematic organization or categorization of items, people, or data based on shared characteristics.

Substantive Due Process

A principle allowing courts to protect certain fundamental rights from government interference, even if procedural protections are not violated.