Bitcoin Will Not Be Considered "Money" Unless Which of the Following

question 109

Multiple Choice

Bitcoin will not be considered "money" unless which of the following conditions is satisfied?

• A)It is generally accepted as a medium of exchange,a store of value,and a unit of account.
• B)It is traded as currency on the major exchanges around the world.
• C)The use of Bitcoin passes a threshold in terms of dollar value of transactions as determined jointly by the G20 countries.
• D)It is accepted as payment for Internet transactions.
• E)It is officially issued as currency by at least one country's central bank.

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Definitions:

Operating Leverage

A financial concept that measures the proportion of fixed costs to variable costs in a company's cost structure, affecting profitability with changes in sales volume.

Net Operating Income

The profit generated from a company's core business operations, excluding expenses and revenues from non-operational activities.

Contribution Format

A form of income statement that distinguishes costs by classifying them into variable and fixed sections, thereby focusing on the contribution margin.

Contribution Margin Ratio

A ratio that measures the difference between the sales and the variable costs of a product or service, as a percentage of sales.