Which of the Point(s) Below Is (Are) True of Money?i)

question 32

Multiple Choice

Which of the point(s) below is (are) true of money?i) Money allowed for specialization of labour and expansion of trade. iii) Money allowed for the development of a market economy.iv) Money allowed one to save current production for future use.

• A) Only i).
• B) Only i) and ii).
• C) Only i) and iv).
• D) Only i), ii), and iv).
• E) All of the points are true.

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Definitions:

Surface Runoff

Water from rain, snowmelt, or other sources that flows over the land's surface and is not absorbed into the ground.

Groundwater

Water held underground in the soil or in pores and crevices in rock.

Accounts Receivable

Funds that are due to a company from its customers for products or services that have been provided but remain unpaid.

Sales Revenue

The total income received by a company from its sales of goods or services, before any expenses are subtracted.