The Set of Items That Serve as Media of Exchange

question 98

Multiple Choice

The set of items that serve as media of exchange clearly includes

• A)demand deposits.
• B)short-term bonds.
• C)credit cards.
• D)All of the above are correct.

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Definitions:

Reaction Range Model

A concept in genetics and psychology that suggests while genes determine the range of possible outcomes for certain traits, the environment influences where within that range an individual will fall.

Reaction Range Model

A theory suggesting that genetics set certain limits on intelligence, personality and other traits, but that environment determines where within these limits an individual will fall.

Impoverished Environment

An environment that lacks stimulation and opportunities, which can hinder development and learning.

Cultural Bias Perspective

The influence of one's cultural background and experiences on one's perception and understanding, leading to bias.