Which of the Following Applies to an Object Serving as a Store

question 472

Multiple Choice

Which of the following applies to an object serving as a store of value?
I. If an object can be held and exchanged later for a good or service, it serves as a store of value.
II. The less stable an object's value is, the better it serves as a store of value.
III. A work of art can serve as a store of value.

• A) I only
• B) I and II
• C) I and III
• D) I, II and III

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Definitions:

U.S. Constitution

The foundational document of the United States that delineates the national frame of government, its institutions, and the rights of its citizens.

Insider Trading

Trading in the stock of a publicly listed corporation based on inside information. One who possesses inside information and has a duty not to disclose it to outsiders may not profit from the purchase or sale of securities based on that information until the information is available to the public.

Publicly Listed

A company whose shares are traded openly on a stock exchange.

Financial Status

Financial Status refers to the current state of an individual's or entity's monetary resources and liabilities.