Which of the Following Is Both a Store of Value

question 9

Multiple Choice

Which of the following is both a store of value and a common medium of exchange?

• A) corporate bonds
• B) mutual funds
• C) chequing account balances
• D) a pension plan

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Definitions:

Selling Price

The amount of money for which a product or service is sold to the customer, determining the revenue generated from sales.

Break-even Quantity

The volume of production or sales at which total revenues equal total costs, resulting in no net loss or gain for a business.

Variable Costs

Expenses that fluctuate with the level of output or production activity.

Profit

The financial gain realized when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.