Cigarettes Are an Example of _____ Money

question 3

Multiple Choice

Cigarettes are an example of _____ money.

• A) commodity
• B) fiat
• C) representative
• D) none of the above

---

Definitions:

Ledger

A group of accounts that records data from business transactions.

Withdrawals Account

An account used to track the money that an owner takes out of the business for personal use, also known as draws.

Capital Account

A financial statement that shows the changes in a company's equity, including contributions by and distributions to owners over a period.

Withdrawals Account

A record of the money taken out of a business by its owner(s) for personal use.