The money she received from her parents for the purchase of school supplies would be used as a medium of exchange.
<h3>What is money?</h3>
Money is anything that is generally chosen and accepted by a community, as a medium of exchange and standard of value.
Characteristics of money are:
- Medium of exchange
- Store of value
- Measure of value
Hence, the money she received from her parents for the purchase of school supplies would be used as a medium of exchange.
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Answer:
Consumer behavior
Explanation:
It is the decision process in which consumers evaluate, select, acquire, use and dispose goods and services to satisfy their needs and wants. It covers what they buy, why, when, how, where and how often. Consumer behavior involves mental, emotional and physical activities.
Answer:
B. False
Explanation:
People with high assertiveness respect themselves because they are very willing to defend their interests. They can freely express their thoughts and feelings. Since they are aware of their rights and others', they always work to resolve conflicts. But cultures with low assertiveness tend to allow others to manipulate them while displaying low self-esteem.
The correct answer is A) has advantages over commodity-backed money.
Fiat money has advantages over commodity-backed money.
There was a time when money in the United States was backed by gold. Not any more. Fiat money, as the US dollar is backed by the US government, This is the case in other countries, For instance, the European Union's currency, the Euro, is also fiat money. Governments issue fiat money through their central banks and can exert certain kinds of control on it.
