In Defining Money According to the Transactions Approach, You Would

question 140

Multiple Choice

In defining money according to the transactions approach, you would want to include

• A) those assets that are used as a store of value.
• B) those assets that are used as a medium of exchange.
• C) those assets that are used as a unit of account.
• D) those assets that are used as a standard of deferred payment.

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Definitions:

Mean

The arithmetic average of a set of numbers, calculated by adding up all the values and then dividing by the count of numbers.

Grade Equivalent

A measure indicating the school grade level of students to whom a test taker's performance is most similar.

Achievement Test

A type of ability test that measures what one has learned. Types of achievement tests include survey battery tests, diagnostic tests, and readiness tests.

Percentiles

A measure that indicates the value below which a given percentage of observations in a group of observations falls.