The Confidence You Have That a Retailer Will Accept Dollars

question 38

Multiple Choice

The confidence you have that a retailer will accept dollars in exchange for goods is based primarily on money

• A)being a unit of account.
• B)being a medium of exchange.
• C)serving as a store of value.
• D)having intrinsic value.

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Definitions:

Voting Rights Bill

Legislation aimed at protecting or expanding the right to vote, often by removing barriers to voter registration and participation.

North

A geographical and cultural region, often referred to in the context of the division between the Northern and Southern United States before and during the Civil War.

New South

Atlanta Constitution editor Henry W. Grady’s 1886 term for the prosperous post–Civil War South he envisioned: democratic, industrial, urban, and free of nostalgia for the defeated plantation South.

Industrial Expansion

Industrial expansion denotes the widespread increase in production and distribution of goods due to advancements in technology, transportation, and communication, transforming economies and societies in the process.