In Order for Money to Be Successfully Used as a Medium

question 92

Multiple Choice

In order for money to be successfully used as a medium of exchange,it must
1) be readily acceptable;
2) be easily divisible;
3) have a high value-weight ratio.

• A)1 only
• B)2 only
• C)3 only
• D)1 and 2
• E)1,2,and 3

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Definitions:

Owner List

A detailed record or enumeration of the owners or stakeholders of a particular asset, business, or property.

Customer List

A detailed list or database that contains information about a company's customers, including contact details, purchasing history, and preferences.

Pay Bills Window

A feature in accounting software that facilitates the management and payment of bills and invoices.

Journal Entry

A recording of a financial transaction in an accounting system.