Gerald lives in an apartment in Chicago. Every month, he must pay rent and utilities to remain in his apartment. As it pertains to the functions of money, this is an example of a(n) ________ action.

Question

Quizplus · Accepted Answer

No matter what a particular society uses for money, its primary purpose is to enable a person or organization to transform a desire into an action. These desires may be for entertainment actions, such as party expenses; operating actions, such as paying for rent, utilities, or employees; investing actions, such as buying property or equipment; or financing actions, such as starting or growing a business.

Gerald Lives in an Apartment in Chicago