One Major Advantage of the Medium of Exchange Function of Money

question 174

Multiple Choice

One major advantage of the medium of exchange function of money is that it allows society to:

• A)transfer purchasing power from the present to the future.
• B)measure the relative worth of products.
• C)escape the complications of barter.
• D)use credit cards instead of currency.

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Definitions:

HR Forecasting

The process of estimating the future human resources needs of an organization based on current data, trends, and projected future events.

HR Gap Analysis

The process of identifying the difference between the current capabilities of the workforce and the required skills and capacities to meet organizational objectives.

Long-term HR Priorities

Strategic human resource objectives focused on achieving sustainable competitive advantage over an extended period.

Leadership Development

The process of enhancing an individual's ability to lead, manage, and guide others within an organization.