Money Can Serve as A

question 45

Multiple Choice

Money can serve as a:

• A) store of value.
• B) valuation tool.
• C) less efficient alternative to bartering.
• D) completely fixed unit of measurement.

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Definitions:

Voidable

Describes a legal transaction or agreement that may be nullified or rescinded by one or more parties.

Released

The action of freeing someone or something from a constraint, obligation, or legal liability.

Obligations

Duties or commitments that an individual or entity is legally or morally bound to fulfill.

Executory Contract

An agreement between parties that has not yet been fully performed or completed by one or more parties.