Institutions and Markets

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5 Terms

1
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The exchange of goods and services is made more efficient by:

B. money.

2
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Short selling is:

C. the sale of a financial product that the seller does not own.

3
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The term ‘medium of exchange' for money refers to its use as:

C. something that is widely accepted as payment for goods and services.

4
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The role of money as a store of value refers to:

C. the fact that money allows worth to be stored readily.

5
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