Which of the Following Is a Difference Between Fiat Currencies

question 42

Multiple Choice

Which of the following is a difference between fiat currencies and cryptocurrencies?

• A) Unlike fiat currencies, cryptocurrencies have a physical form.
• B) Unlike fiat currencies, cryptocurrencies are not backed by any government.
• C) Unlike fiat currencies, cryptocurrencies are not backed by any physical commodity.
• D) Unlike fiat currencies, cryptocurrencies represent the value of a government's store of gold or silver.

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Definitions:

Cost of Goods Sold

Costs directly associated with manufacturing goods a company sells, such as materials and labor expenses.

Accounts Receivable Balance

The Accounts Receivable Balance is the total amount of money owed to a company by its customers for goods or services delivered on credit.

Month of Sale

The specific month in which a transaction or sale of goods or services took place.

Accounts Receivable Period

The average number of days it takes for a business to collect payments from its credit sales, indicating the efficiency of its credit and collection policies.