We Know That Money Is an Asset That Can Be

question 98

Multiple Choice

We know that money is an asset that can be used to transport purchasing power from one time period to another. This description of money illustrates its role as a:

• A) medium of exchange.
• B) store of value.
• C) unit of account.
• D) liquid asset.

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Definitions:

Establish Responsibilities

The process of defining and assigning tasks and authorities to specific positions or employees within an organization.