WGU - D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Double Coincidence of Wants
Answer:
A situation in which 2 people each want some good or service
that the other person can provide.
Q: Medium of Exchange
Answer:
Whatever is widely accepted as a method of payment
Q: Store of Value
Answer:
Something that serves as a way of preserving economic value they could be
spent or consumed in the feature.
, WGU - D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Standard of Deferred Payment
Answer:
Money must also be acceptable to make purchases today
that will be paid in the future
Q: Money
Answer:
Whatever serves societee in for functions as a medium of exchange a store of value
a unit of account and a standard of deferred payment
Q: Commodity Money
Answer:
An item that is used as money but which also has value from its use as
something other than money
, WGU - D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Commodity Back Currencies
Answer:
Dollar bills or other currencies would values backed up by gold
or another commodity
Q: Money Supply
Answer:
The total amount of money (bills coins loans credit and other liquid
instruments) in a particular economy
Q: Hyperinflation
Answer:
Rapid excessive and out of control price increases in an economy.
, WGU - D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Flat Money
Answer:
Has no intrinsic value but it's declared by a government to be the legal tender of
a country.
Q: Federal Reserve
Answer:
The central bank of the United States run by a 7 member board of
governors and conjunction with 12 regional federal reserve banks
Q: Central Bank
Answer:
The principal monetary authority of a country or monetary Union it normally
regulates to supply of money issues currency and controls interest rates
Verified Solutions | Latest 2026 Update
Q: Double Coincidence of Wants
Answer:
A situation in which 2 people each want some good or service
that the other person can provide.
Q: Medium of Exchange
Answer:
Whatever is widely accepted as a method of payment
Q: Store of Value
Answer:
Something that serves as a way of preserving economic value they could be
spent or consumed in the feature.
, WGU - D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Standard of Deferred Payment
Answer:
Money must also be acceptable to make purchases today
that will be paid in the future
Q: Money
Answer:
Whatever serves societee in for functions as a medium of exchange a store of value
a unit of account and a standard of deferred payment
Q: Commodity Money
Answer:
An item that is used as money but which also has value from its use as
something other than money
, WGU - D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Commodity Back Currencies
Answer:
Dollar bills or other currencies would values backed up by gold
or another commodity
Q: Money Supply
Answer:
The total amount of money (bills coins loans credit and other liquid
instruments) in a particular economy
Q: Hyperinflation
Answer:
Rapid excessive and out of control price increases in an economy.
, WGU - D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Flat Money
Answer:
Has no intrinsic value but it's declared by a government to be the legal tender of
a country.
Q: Federal Reserve
Answer:
The central bank of the United States run by a 7 member board of
governors and conjunction with 12 regional federal reserve banks
Q: Central Bank
Answer:
The principal monetary authority of a country or monetary Union it normally
regulates to supply of money issues currency and controls interest rates
