Which of the Following Is an Example of Money Functioning

question 230

Multiple Choice

Which of the following is an example of money functioning as a store of value?

• A) Comcast charging $99 for internet, phone and cable service.
• B) Your saving your spare change in a jar in order to afford an end -of-term party.
• C) Amazon.com charging $9.95 for shipping.
• D) McDonalds charging 99 cents for a burger.

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Definitions:

Investment

Assigning financial resources in the hope of creating revenue or gains.

GDP

Stands for Gross Domestic Product, which is the total value of all goods and services produced within a country's borders in a specific time period.

Accounting Firm

A business that provides a wide range of accounting services such as audit, bookkeeping, tax preparation, and consulting to individuals and organizations.

Inventory

The total amount of goods or materials held by a business, intended for sale or used in production.