Practice free →
HomeAP (Advanced Placement)GeographySubsistence and Exchange › Money is defined by three functions: a store of …

Money is defined by three functions: a store of value, a unit of account and a:

AModel of behaviour
BMedium of exchange
CMeasure of distance
DMethod of storage
Answer & Solution
Correct answer: B. Medium of exchange
1. Two of the three are already named. 2. The third describes money standing between buyer and seller. 3. It is a medium of exchange. _Source: OpenStax Introduction to Anthropology, Chapter 7, Work, Life, Value: Economic Anthropology._
Solve this in the app — AP (Advanced Placement) practice & 24k+ MCQs →
Related questions