| Direction: Study the following passage carefully and answer the questions given below: |
| A unit of account is an agreed measure for stating the prices of goods and services. Money also serves as a store of value and it holds value over time. Although money is not the only thing that stores values as houses and land also fulfills this function, however, money is different as it can be liquated immediately for other commodities. This stems from the idea that the modern economy is not only an exchange economy but a credit economy. Since, in reality different people want different things at different times which give more weight to liquidity of money. |
A) It fulfills the functions of economy at service values
B) Helps exchange of goods and services in any market conditions
C) It is acceptable in exchange of barter system and economy
D) Different demand at different times by different people at market economy
Correct Answer: D
Solution :
(d)| 1. Syllogistic reasoning |
| 2. Strong argument |
| 3. Degrees of a Characteristic Analogy |
| In reality different people want different things at different times and at different market conditions which give more weight to money transactions that the barter or exchange method. This phenomenon strengthens the liquidity of money. |
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