A Person Swaps a Bag of Fruits for Some Meat

question 79

Multiple Choice

A person swaps a bag of fruits for some meat.In this case,money functions as a:

• A)standard of value.
• B)store of value.
• C)measure of value.
• D)medium of exchange.
• E)counterfeit deterrent.

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Definitions:

Outstanding Shares

The total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Corporation

A legal entity owned by shareholders, with the characteristic of limited liability, and capable of owning assets, suing or being sued.

Charter

A charter is a legal document that establishes a corporation or municipality and defines its rights, privileges, and purposes.

Total Stockholders' Equity

The total value of a company's assets minus its liabilities, representing the equity stake of investors in the company.