Which of the Following Is Both a Store of Value

question 43

Multiple Choice

Which of the following is both a store of value and regularly used as a medium of exchange?

• A)cash and stocks
• B)cash but not stocks
• C)stocks but not cash
• D)neither cash nor stocks

---

Definitions:

AVC Curve

The average variable cost curve, which shows how the unit variable cost of production changes with the level of output.

Profit-Maximizing

The process or strategy of adjusting production and pricing to achieve the highest possible profit margins for a business or firm.

Firm

A business organization that sells goods or services in order to make a profit.

Marginal Revenue

Extra earnings received from disposing of an additional unit of a good or service.