An Example of the Use of Money as a Medium

question 1

Multiple Choice

An example of the use of money as a medium of exchange is:

• A)Mike gets a friend to give him a beer today in return for promising to give the friend two beer when Mike gets paid at the end of the month.
• B)Judy lends her car to a friend who signs a promissory note that she will pay Judy $10 a day for the use of the car after she returns the car to Judy.
• C)ABC Investments Inc. enters in its account books that it owes Nallai $20 for his last month's investment income.
• D)Dave keeps $250 in his drawer for a 'rainy day'.
• E)Barry pays $275 with his bank debit card for tickets for an NHL play- off game.

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Definitions:

Employment Rights

Legal rights and protections granted to employees, including minimum wage, work hours, and safety conditions.

Age Discrimination in Employment Act

A U.S. law that forbids employment discrimination against anyone at least 40 years of age in the United States.

State Legislature

The legislative body of a state in the United States, responsible for creating laws and budgets within that state.

Union

An organization, especially of workers, formed to protect and advance the rights and interests of its members, typically regarding wages, working conditions, and employment terms.