Which of the Following Is an Example of Money Functioning

question 342

Multiple Choice

Which of the following is an example of money functioning as a unit of account?

• A) Your writing a check at Target to pay for new clothes.
• B) Pepsi charging $1 for a can of soda.
• C) eBay using PayPal as a method of payment.
• D) Bank of America charging 7 percent on an auto loan.

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Definitions:

Invoice

A document issued by a seller to a buyer, outlining the quantities and costs of goods or services provided.

EOM

End of Month, a term often used in business and finance to denote activities, reports, or payments that are due or completed at the end of each calendar month.

Settle

To resolve or conclude (a transaction or dispute), ensuring all terms are met and any necessary payments are made.

Invoice

An Invoice is a document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services.