Which of the following is a correct listing of money's functions? Question 6 options: source of credit, value of transaction costs, unit of barter medium of barter, medium of exchange, medium of transactions unit of barter, unit of account, a unit of income store of value, store of exchange, measure of account store of value, medium of exchange, unit of account

store of value, medium of exchange, unit of account

Explanation:

Money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.

In economics or financial accounting, a correct listing of money's functions are;

I. Store of value.

II. Medium of exchange.

III. Unit of account.

answer(b) partnership';

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.