Question: Please answer the following question. Thank you. 4) A medium of exchange is a. anything that is generally accepted in exchange for goods and services.

Please answer the following question. Thank you. 4) A medium of

Please answer the following question. Thank you.

4) A medium of exchange is a. anything that is generally accepted in exchange for goods and services. b. a common measurement in which relative values are expressed. C. an item's ability to hold value over time. d. the exchange of goods and services for other goods and services. both a and d

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The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.

The visual rule: If we observe an event with our own eyes, we will attach more weight to it than if someone else had described it to us.