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Emily Lupercio
on Oct 12, 2024

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Which statement is true?

A) Money may perform as a standard of value or as a store of value,but not both at the same time.
B) The main job of money is a medium of exchange.
C) Money may perform as a standard of value or as a standard of deferred payment,but not both at the same time.
D) Money performs extremely well as a standard of deferred payment in the long run.

Standard of Value

A criterion that allows the value of various goods and services to be compared.

Store of Value

A store of value is an asset that maintains its value over time without depreciating, allowing it to be saved, retrieved, and exchanged at a later time.

Medium of Exchange

A mediating tool or mechanism that enables the buying, selling, or exchanging of products among individuals or groups.

  • Recognize the role and features of money in its effectiveness as a medium of exchange, value conservator, value gauge, and account unit.
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Sandeep Reddy MOct 19, 2024
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