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Which of the Following Statements Is True

Question 20

Multiple Choice

Which of the following statements is true?


A) One of the limitations of using money is that it does not allow for the transfer of purchasing power into the future.
B) The necessary condition required for money to function as a medium of exchange is that it also needs to be a store of value.
C) The hours of labor that go into producing a product are a better unit of account than paper money.
D) When money is used as a yardstick to describe the price of various goods and services, it serves as a store of value.

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