As the World's Main Reserve Currency, the U

question 142

Multiple Choice

As the world's main reserve currency, the U.S.dollar is used throughout the world as a

• A) medium of exchange.
• B) unit of account.
• C) store of value.
• D) All of these are correct.

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Definitions:

Intangible Assets

Non-physical assets that represent a value to a company, such as patents, trademarks, copyrights, and goodwill.

Recoverable Amount

The recoverable amount is the higher of an asset's fair value less costs to sell and its value in use.

Carrying Amount

The book value of assets and liabilities recognized in a company's financial statements, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Equity Method

An accounting technique used to record investments in other companies, recognizing income and changes in investment value.