Which of the Following Applies to an Object Serving as a Store

question 537

Multiple Choice

Which of the following applies to an object serving as a store of value?
I. If an object can be held and exchanged later for a good or service, it serves as a store of value.
II. The less stable an object's value, the better it serves as a store of value.
III. A work of art can serve as a store of value.

• A) I only
• B) I and II
• C) I, II and III
• D) I and III

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Definitions:

Appellate Court

A higher court that reviews the decisions of lower courts and may affirm, reverse, or modify those decisions.

Reversed

The act of a higher court changing the decision of a lower court.

Trial Court

A court of law where cases are tried in the first instance, as opposed to an appellate court.

Remanded

refers to the act of sending a case back to the original jurisdiction from which it was appealed for further proceedings.