Question 28 1 points Save Money, in the form of currency, can be used for future
ID: 471097 • Letter: Q
Question
Question 28
1 points
Money, in the form of currency, can be used for future purchases, thus illustrating the _______ function of money.
basis for banking system
medium of exchange
store of value
unit of account
payment for labor
Question 29
1 points
The are approximately ________ commercial banks in the United States.
10,000
20,000
30,000
40,000
150,000
Question 30
1 points
Which of the following is NOT a type of electronic funds transfer system?
instantaneous reporting of sports scores
ATMs
automatic payroll deposit
bill payment
automatic funds transfer
Question 31
1 points
In __________, an existing product is marketed globally, instead of just domestically.
reintroduction
product development
product adaptation
product extension
product expansion
Question 32
1 points
Pricing below prevailing market price can succeed for a firm if
the public doesn't learn that the firm's product is indeed inferior.
the firm can offer a product of acceptable quality.
the firm has effective promotional tactics and gimmicks.
the firm can effectively criticize its competitors' products.
none of the above.
Question 28
1 points
Money, in the form of currency, can be used for future purchases, thus illustrating the _______ function of money.
basis for banking system
medium of exchange
store of value
unit of account
payment for labor
Explanation / Answer
store of value
10,000
ATMs
product expansion
the firm has effective promotional tactics and gimmicks.
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