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One of the Three Basic Functions of Money Is to Serve

question 192

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One of the three basic functions of money is to serve as legal tender.

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Definitions:

Foreign Assets

Investments, properties, or other financial assets located in countries other than where the investor resides.

Net Capital Outflow

The difference between the domestic country's investments abroad and foreign investments in the domestic country over a specific period, representing the flow of capital across borders.

Net Exports

The net result of a country's international trade on its economic output, represented by its total exports less its total imports.

Net Capital Outflow

The difference between the domestic country's total investment abroad and foreign investments within the country, over a specific period of time.

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