When We Measure and Record Economic Value,we Use Money as the

question 27

Multiple Choice

When we measure and record economic value,we use money as the

• A)liquid asset.
• B)medium of exchange.
• C)unit of account.
• D)store of value.

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Definitions:

Cultures

The collective beliefs, customs, arts, and social institutions of a particular group of people or society.

Social Capital Dimension

Aspects of social networks and relationships that facilitate cooperation, trust, and mutual benefit among individuals or groups.

Contacts

Individuals or entities that one knows, especially regarded as a source of information or in a professional context to gain advantages.

Social Capital

A term representing the networks, relationships, and norms that facilitate collective action within or among groups.