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:

Concrete Operational

A stage in cognitive development, according to Piaget, where children aged about 7-12 years develop logical thinking but are still not capable of abstract thinking.

Motor Development

The process through which humans progress through a predictable set of movements and physical abilities throughout their lifespan.

Maturation

The process of development in which an individual reaches physical, cognitive, and emotional maturity.

Authoritarian Parenting

A parenting style characterized by high demands and low responsiveness, where parents impose rules and expect obedience without explanation.