A Medium of Exchange Is

question 53

Multiple Choice

A medium of exchange is

• A)the thing traded when barter takes place.
• B)an object that sellers will accept as payment.
• C)a measure by which prices are expressed.
• D)an asset that is used to settle future debts.

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Definitions:

EBIT

Earnings Before Interest and Taxes, a measure of a firm's profit that includes all incomes and expenses except interest and income tax expenses.

Interest Expense

The cost incurred by an entity for borrowed funds.

Capital Structure

The composition of a company's funding, including debt, equity, and other financial instruments, which defines how a company finances its overall operations and growth.

Debt

Money that is owed or due to be paid, typically resulting from borrowing funds to be repaid with interest.