According to the Text,which of the Following Is NOT a Characteristic

question 29

Multiple Choice

According to the text,which of the following is NOT a characteristic of money?

• A) spendable
• B) portable
• C) divisible
• D) durable

---

Definitions:

Discount Period

The time frame in which a buyer can pay less than the full amount due on an invoice if payment is made promptly, incentivizing early payment.

Credit Term

The agreement between a buyer and a seller that defines the amount of time a buyer has to pay for goods.

Earnings per Share

A financial metric calculated by dividing a company's net income by the number of its outstanding shares of common stock.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation, with voting rights and a claim on a portion of its profits in the form of dividends.