The Functions of Money Are to Serve as a

question 177

Multiple Choice

The functions of money are to serve as a

• A) resource allocator, method for accounting, and means of income distribution.
• B) unit of account, store of value, and medium of exchange.
• C) determinant of consumption, investment, and government spending.
• D) factor of production, exchange, and aggregate supply.

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Definitions:

Natural Selection

A fundamental mechanism of evolution, where organisms better adapted to their environment tend to survive and reproduce more successfully.

Speciation

The evolutionary process by which populations evolve to become distinct species, primarily through genetic divergence and reproductive isolation.

Evolutionary Processes

The natural mechanisms that lead to changes in genetic composition of populations over successive generations.

Cladogenesis

An evolutionary splitting event where a single lineage divides into two distinct lineages, leading to increased biodiversity.