The Functions of Money Are to Serve as A

question 39

Multiple Choice

The functions of money are to serve as a:

• A) Resource allocator, method for accounting, and means of income distribution
• B) Unit of account, store of value, and medium of exchange
• C) Determinant of consumption, investment, and government spending
• D) Factor of production, exchange, and aggregate supply

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Definitions:

Achievable

Goals or objectives that are within reach and can be accomplished with effort and planning.

Scientific Method

A systematic approach to research where the problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested.

Low-Cost

Pertaining to something that is inexpensive or affordable, often emphasizing efficiency and economy.

Historical Data

Records of past events and conditions, used to analyze trends, understand historical context, or make forecasts.