In Performing Which of Its Primary Functions Does Money Solve

question 320

Multiple Choice

In performing which of its primary functions does money solve the problem of the double coincidence of wants?

• A)medium of exchange
• B)unit of account
• C)store of value
• D)barter system
• E)money supply

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Definitions:

Self-Esteem

An individual's subjective evaluation of their own worth or abilities.

Better Than Average Effect

The tendency to rank oneself higher than most people on positive attributes.

Self-affirmation

Self-affirmation involves focusing on important personal values and strengths, which can help maintain self-worth and reduce defense reactions to threats.

Self-verification

The tendency for individuals to seek confirmation of their self-concept, whether positive or negative, from the external environment.