Which of the Following Is a Store of Value

question 106

Multiple Choice

Which of the following is a store of value?

• A)fresh fruit and vegetables
• B)a cheque
• C)a debit card
• D)a fixed term deposit
• E)a credit card

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Definitions:

Collude

To come together in secret agreement, especially for a deceitful or illegal purpose.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service.

Annual Fixed Cost

Regular, unchanging expenses incurred by a business, regardless of its level of production or sales volume within a year.

Profit-Maximizing

A method or strategy executed by a company aiming to achieve the highest possible profit given the constraints it faces.