The Biggest Problem with Credit Money Is

question 63

Multiple Choice

The biggest problem with credit money is

• A) divisibility.
• B) elasticity of supply.
• C) portability.
• D) none of the above.

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Definitions:

Strategic Plan

A document that outlines an organization's long-term goals and the actions needed to achieve them.

Operating Plan

A document outlining the steps and resources required to achieve organizational goals within a specific timeframe.

Sole Proprietorship

A business owned and operated by a single individual, with no distinction between the business and the owner.

Business Debts

Financial obligations that a business owes to creditors, which can include loans, bonds, and other forms of borrowing.