An Asset Is Best Able to Serve as a Medium

question 209

Multiple Choice

An asset is best able to serve as a medium of exchange if it is:

• A)liquid.
• B)nonliquid.
• C)a store of value.
• D)not a store of value.

---

Definitions:

Interval Variables

Quantitative variables where the intervals between the values are equal and meaningful, allowing for comparisons and mathematical operations.

Symmetric Distribution

A distribution where the left and right sides are mirror images of each other around the central point.

Skewed Distribution

A probability distribution that is not symmetrical, where one tail is longer or fatter than the other.

Bell Shaped

A bell-shaped distribution refers to a data distribution that is symmetric and has a single peak in the middle, resembling the shape of a bell, commonly associated with the normal distribution.