What Function Is Money Serving When You Deposit Money in a Savings

question 112

Multiple Choice

What function is money serving when you deposit money in a savings account?

• A) A store of value
• B) A unit of account
• C) A checkable deposit
• D) A medium of exchange

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than competitors, leading to more efficient trade.

Intensive

Refers to a method or approach focusing deeply on a specific area or aspect, often requiring a high degree of effort or concentration.

Abundant

Available in large quantities; more than sufficient; plentiful.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.