To Function as Money, Something Must Hold Its Purchasing Power

question 435

Multiple Choice

To function as money, something must hold its purchasing power over time. That is, it must be a

• A) store of value.
• B) standard of deferred payment.
• C) unit of accounting.
• D) medium of exchange.

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Definitions:

Explanations

Detailed accounts or statements that clarify, justify, or make a phenomenon understandable, often used to communicate complex ideas.

Organizational Tensions

Refers to conflicts or contradictions within an organization that stem from differing goals, values, or interests among its members or units.

Capricious

Given to sudden and unaccountable changes of mood or behavior.

Democratic And Fair

Principles or practices that are characterized by equality, justice, and impartiality within a democratic framework.