QUESTION IMAGE
Question
1 multiple choice 10 points anything which is used to determine the value of goods which are being exchanged. ○ currency ○ intrinsic value ○ unit of account ○ medium of exchange 2 multiple choice 10 points money provides a means of comparing the value of goods and services. ○ compound interest ○ currency exchange ○ unit of account ○ store of value
Brief Explanations
- For the first question: The described function is a core role of money that measures the value of exchanged goods. Currency is a form of money, intrinsic value is the inherent worth of an item, and medium of exchange is the use of money to trade goods directly. Unit of Account matches the definition.
- For the second question: Comparing the value of goods and services is the specific function of money as a unit of account. Compound interest is interest on principal plus earned interest, currency exchange is trading different currencies, and store of value is preserving purchasing power over time.
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