Suppose That Transactions Are Conducted in Euros and Prices Are

question 29

Multiple Choice

Suppose that transactions are conducted in euros and prices are quoted in dollars. In this case the dollar functions primarily as a

• A)store of value.
• B)unit of account and store of value.
• C)medium of exchange.
• D)unit of account.
• E)medium of exchange and store of value.

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Definitions:

Return On Investment (ROI)

A financial metric used to evaluate the efficiency or profitability of an investment, calculated as the return relative to the investment's cost.

Return On Investment (ROI)

A financial metric used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments, calculated by dividing net profit by the cost of investment.

Operations Margin

The ratio of operating income to net sales, indicating the efficiency of a company's management by showing the proportion of revenue that turns into profit.

Return On Investment (ROI)

A financial metric used to evaluate the efficiency of an investment, calculated as the profit earned from an investment divided by its cost.